GOOGL's Q1'24 prints affirm re-accelerated ad growth and GCP's ramp-up, signaling robust top-line expansion. Analyst consensus pegs FY26 EPS around $11.00; applying a conservative 30x forward multiple yields a $330 target. With $70B+ in share repurchases and sustained AI monetization tailwinds, the current $175 valuation will not stay suppressed. 90% NO — invalid if a severe multi-year ad market contraction materializes.
GOOGL's Q1'24 prints affirm re-accelerated ad growth and GCP's ramp-up, signaling robust top-line expansion. Analyst consensus pegs FY26 EPS around $11.00; applying a conservative 30x forward multiple yields a $330 target. With $70B+ in share repurchases and sustained AI monetization tailwinds, the current $175 valuation will not stay suppressed. 90% NO — invalid if a severe multi-year ad market contraction materializes.
