January 23, 2023  SEONews
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Google: Temporary Headwinds; Long-Term Growth Story Intact … – Seeking Alpha

Summary

  • First problem: declining advertising.
  • Second problem: ChatGPT will destroy Google.
  • According to my assumptions, to achieve a 12% annual return, it is required to buy Alphabet around $86 per share.

The current bearish market is sparing no one, not even Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), one of the world’s top companies. The macroeconomic environment is experiencing a period of great uncertainty, and tech companies in particular are paying the price. Although Alphabet has proven to be a cash machine in recent years, there is no question that sentiment is changing. The advertising industry is having a downturn, while OpenAI’s new ChatGPT is threatening the efficiency of the Google search engine.

Is there really cause for concern or is this an opportunity to exploit information asymmetries?

First problem: declining advertising

According to the latest quarterly report, about 79% of Alphabet’s revenues come from Google advertising, so this gives an idea of how important…

Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiQ2h0dHBzOi8vc2Vla2luZ2FscGhhLmNvbS9hcnRpY2xlLzQ1NzE0NzctZ29vZ2xlLXRlbXBvcmFyeS1oZWFkd2luZHPSAQA?oc=5

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source: https://news.oneseocompany.com/2023/01/23/google-temporary-headwinds-long-term-growth-story-intact-seeking-alpha_2023012339601.html

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