Alphabet Shares Up 100% in Year on Search, Cloud Strength
GOOG•Alphabet's shares have surged nearly 100% over the past year, driven by strong search ad growth and cloud revenue gains. However, stretched valuation metrics suggest limited upside, raising questions about whether the stock remains a buy.
1. Performance and Valuation
Alphabet’s stock has gained nearly 100% over the past twelve months as robust search advertising sales and accelerating cloud platform revenue drove fiscal results. Expanded forward P/E multiples reflect this outperformance, potentially limiting further upside without continued double-digit growth.
