Opinions Shane Obata
Alphabet IncGOOGPAST TOP PICKMay 29, 2025
Shane ObataStock price when the opinion was issued
As of May 29, 2026. Market Open.
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Still one of the highest-quality businesses in the world. Wide range of opportunities despite the runup. Cloud has been doing extremely well. Reasonable valuation. 9/10 on fundamentals. Regulatory scrutiny a potential risk. Massive user base, proprietary data.
(Analysts’ price target is $430.00)
Brianne GardnerFirst quarter since Covid it didn't buy back stock. Raised capex by $5B. Gemini is outstanding, leading it to win at Search as well as to concrete monetization. Only trading at 22x PE for 2028 and 17% growth. Stock still works, more to go.
Greg NewmanA year ago, consensus was that Search was going to die. Seems ridiculous now. Gemini is overtaking ChatGPT. Data centre business is growing faster than before. Still not that expensive. He hasn't sold any shares yet, but may take some off the table from the long-term holding and put toward one of the Mag 7 laggards.
Martin Cobb, ASIPWill lose market share on Search. But it's a story of a much bigger pie, so their eventual benefit will be much greater. Pulled AI into the Search model, and Gemini is in a leadership position. Multiple in the high 20s still undemanding. Spits out lots of cash. Lots of irons in the fire.
Gordon Reid
Given its networks, will be a direct beneficiary from AI. Expensive, and has to grow into its multiple. So many divisions at play. Yield is 0.22%.
(Analysts’ price target is $422.26)
Darren SissonsPopped so much on earnings because it's the clear winner on AI. Eclipsed ChatGPT in the ability to advertise on AI and to integrate everything.
Barry Schwartz
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Premium contentIn the last quarter, the company reported 5.11 USD per share, beating the 2.68 USD estimate by 90.44%. Revenue for the same period reached 109.90 B USD, despite the estimate of 106.96 B USD. For the next quarter, analysts expect 2.83 USD in earnings per share and 114.90 B USD in revenue. Social media mentions are up 580% in the past 24h.
Doing great. Worries about Search becoming obsolete were baseless, though its share of searching will fall. However, the pie will expand and so total revenue will grow. Gemini has a leadership position in AI.
Plus there's YouTube -- about 23% global streaming share and caters to shorter attention spans. Waymo also adds to this very powerful compounder.
Gordon ReidMoat is pretty phenomenal. Strongest pillar are the networks. Largest index of "intent" data -- what people want right now. That data allows them to target ads. 70% of the world's operating systems are Android.
Sheer scale of its infrastructure lets them run massive AI models at a much lower unit cost. His 12-month price target is $378. Yield is 0.25%.
Kim BoltonHas long been a core holding. Until recently, GOOG was always trading at a discount to larger peers because of an antitrust overhang. Likes this a lot, but so does the market. The PE is above 26x (too high) and the free cash flow is just 2%. Is a hold now.
Chris BlumasThinks it'll be a winner. The Mag 7's are tired, but you need to have some exposure from a portfolio diversification perspective.
Lyle Stein
Mixed feelings on this one. Warning: rant ahead. Years ago they thought (and still sort of think) that GOOG had all the pieces to win AI. Lots of platforms and good data. Difficulty is that may not matter because it needs to figure out where it's going to fit in AI.
ChapGPT has become synonymous with AI, and you could argue it's won the consumer subscription game already. Doesn't see anyone displacing MSFT on enterprise solutions; he tried Copilot, and it's still bad, but that doesn't matter because we're all held captive. MSFT is set to win enterprise AI as its AI improves over time.
So where does GOOG fit? He's a big Google fan, and the only person he knows with a Pixel phone. Search is the crown jewel, and such a big part of the overall business. Will they have to cannibalize themselves to win in AI? Competition has never been higher for Search. Older folks say "googling", but young people don't. They "search", and they don't care where they're doing it.
Can still deliver decent results, but the multiple will be capped at the very least. Cheap at the surface level, but there are reasons for that. He's still comfortable holding. Great job in Gemini, for example, but it needs to be monetized. Fun fact: Between ads and subscriptions, YouTube is bigger than NFLX.