Our multi-model signal finally entered Long for GOOGL today, while the stock has struggled to make a new high since May.
Investors are stuck between a fast-growing cloud business, a strong existing search and advertising business, and a cash-burner that is now borrowing money and selling shares to pay for the AI hyperscaler buildout.
Today, I don’t think GOOGL is “cheap”, but there is room for valuation expansion and a rebound based on price technicals, which align with the multi-model signal position.
DISCLAIMER: This newsletter is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
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