One of the names that is the most well-known in the world is Google. Alphabet Inc., a worldwide conglomerate with headquarters in the California hills, is the company that is responsible for representing its shares. In this post, we will look at our very own Alphabet price prediction.
In addition to that, we are trying to research the background of Google, and after that, we are going to do some technical analysis of the company’s stock.
What is Google?
The idea of Google was conceived by Larry Page while he was a student at Stanford University. Page felt that Stanford was an appropriate institution for his education. It was there that he first met Sergey Brin, who would later become his business partner but with whom he initially had some disagreements.
They began by developing a search engine known as “Backrub,” which ranked the significance of random online pages based on the linkages between those pages and other web pages on the world wide web.
After this, they came to the conclusion that the company should be called “Google,” and not long after that, it began to attract the interest of professors at Stanford University and subsequently, investors from Silicon Valley. A short time later, the co-founder of Sun gave each of them a check for $100,000, and soon after that, Google, Inc. was formally established.
Because of this investment, the crew was able to get a number of new modifications, the most significant of which was moving out of their dorms and into a garage in a suburban neighborhood.
Over the course of the years that followed, Google became simply larger and larger by employing more people who helped the company develop further and by recruiting engineers, a proper sales staff, and other employees.
Eric Schimdt was brought on board to steer Google and provide the corporation with some direction once it had grown to an even larger size. He had a successful track record of working as an engineer and as the Chief Technology Officer of Sun.
In 2002, Yahoo, which also operated a search engine, made an offer of $3 billion to acquire Google. Google did not accept this offer because the company believed that the company was already worth at least $5 billion at the time. In the latter part of that year, the corporation introduced Google News, which fundamentally altered the manner in which online digital media was published and disseminated.
They were forced to find a new location for their office in 2003 due to the fact that they had just outgrown the previous one and did not have sufficient space. As a result, they signed a lease for an entire building that would later be known as the Googleplex. This location is the largest campus that the firm has ever occupied.
(Google back in 1998. Source: Web Design Museum)
In 2004, the company recognized that it had a significant problem with internal communication and made the decision to introduce a web-based email platform that was both quicker and more responsive than those offered by its rivals. With the assistance of Buchheit, who had experience working on different email platforms, they were able to accomplish this task in a more effective manner.
The new email service offered by Google had a number of advantages over its competitors, and it was released with a public storage capacity of 1 gigabyte and powerful search capabilities, both of which were astounding at the time they were introduced.
In the latter part of the same year, Google also held its first public offering for the first time. In 2004, Google set the price of its stock at $85 per share; today, the business is well on its way to becoming the first to reach a market capitalization of one trillion dollars.
In 2005, Google announced the introduction of Google Maps, which provided users with web-rendered maps of the world and, in subsequent years, began utilizing GPS technology for navigation on mobile devices such as smartphones.
The year 2006 was a pivotal one for Google since it was the year that they introduced a Chinese-language version of Google in China as well as the year that they made the decision to acquire YouTube. Google paid $1.65 billion for the acquisition of YouTube. Despite this, the two continued to operate out of separate locations, and YouTube experienced significant expansion as a result of the increasing revenue it was generating.
In 2010, Google announced Chrome as its web browser for Windows. Although it was still in beta at the time, it was significantly faster than the other browsers on the market. After those four years, Google Chrome had surpassed the market share of both of its rival browsers, and ten years later, it is still the most used internet browser.
(Google web design in 2021. Source: Web Design Museum)
After terminating their censorship deal in 2010, Google was barred from operating in the Chinese market. In addition, during that year Oracle initiated a legal battle that would last for the following decade. The central question in this case is whether or not Google infringed on Oracle’s intellectual property by duplicating Java APIs within Android.
In 2011, Google Plus was released, however it did not enjoy as much success as was projected. This was primarily related to the invite only feature that the platform featured, which limited who could use the service to those who were invited.
In 2013, Google unveiled the Chromecast, a device that allows users to stream media from a smartphone or computer directly into a television. Even while the technology hasn’t advanced very much since then, it’s still one of the most cost-effective ways to stream content.
In 2015, Larry Page, one of the co-founders of Google, made the decision to restructure the corporation. Alphabet was the name he chose for the new firm, which was created so that Google’s many divisions could each have their own chief executive officer. Later on, he put Sundar Pichai in charge of Google.
As the company expanded, so did their ideas for new initiatives. As a result, they came to the conclusion that they should establish Stadia, a new video game platform that offers rapid streaming access to any kind of device.
In the year 2020, the company’s primary focus was on developing goods that would make the lives of individuals coping with the pandemic a little easier. They concentrated on making improvements to their existing products, including Google Classroom, Meet, and Cloud.
It would appear that the corporation will continue its expansion into new markets over the course of the next few years, as well as maintain its current rate of growth. They are well-known for the high level of quality that they offer their products, which ensures that they will undoubtedly maintain their leadership position over the next few years.
Alphabet, Inc. Stock Technical Analysis
One of the most well-known companies whose stock is available is Alphabet Inc. Although it is not as old as the other stocks, it is certainly one of the most dominating ones when it comes to investors who hold positions for the long term. Let’s examine the stock and see how it has changed over the course of these many years.
When the company went public for the first time in 2005, the initial sale was for approximately $2. One of the aspects of the stock of Alphabet Inc. that particularly piques our interest is the fact that it is not as volatile as other stocks.
When we take a look at the past, we can see that the price of the stock has never experienced any significant drops. Because any change in price, whether it be a decrease or an increase, has occurred over a period of months, you can almost accurately predict where the price will go next.
The price of the stock rose in tandem with the expansion of the company. What is even more intriguing to us is the fact that the price decline that has occurred as a result of the economic crisis has not been nearly as severe as it has been with other businesses. Aside from that, the price of the company’s stock hasn’t significantly decreased in any other way.
In addition to this, we can see that the price rises at the beginning of each new year, remains stable throughout the year, and then continues to rise the following year. Additionally, in our opinion, those who intend to hold onto their investments for an extended period of time should focus their attention elsewhere.
The stock of the company reached a new high of 148 not too long ago, which is the highest point it has ever been at in its history. Soon after this, the stock made the decision to decline for a period of time, but it is now gradually making its way back up.
To be honest, when it comes to the stock, there isn’t all that much more to say. You can look at the graph for yourself to determine the points at which the price has increased and decreased.
Alphabet Inc Stock Price Prediction
The following are our forecasts regarding the price of Alphabet’s stock over the course of the next few years.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2022
Even though the current year is drawing to a close, there is still a significant amount of headroom for the price of the stock to increase. We forecast that before the end of the year, the share price of the company might reach an all-time high of 120. This will depend on what surprises Google has in store for us this year, as well as how the market behaves as we get closer to the conclusion of the year.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2023
It’s possible that 2023 may be an eventful year for Google. The company is now hesitant to discuss new goods that they are developing or provide a definite date for when they will be available to the public.
Despite the fact that we anticipate Google may introduce new initiatives in the following year, we believe that the stock price of Google may reach a high of $145, a low of $131, and an average of $137. This is despite the fact that we believe the stock price may range between $131 and $145.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2024
In the year 2024, we could potentially witness new projects as well as other advancements from the corporation. In addition, it is anticipated that the number of workers employed by the organization will increase in the coming years. We forecast that the share price will rise to a new all-time high of $153, with a low of $141 and a high of $148.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2025
It will become increasingly difficult to make accurate price projections as time goes on. Even though nobody really knows what is ahead for Google in the future, we are going to make some educated guesses about it anyhow. We forecast that by the year 2025, Google’s share price will have reached an all-time high of $170, with a moving average of $162 and a low of $159.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2026
There is still a chance that 2026 will be another prosperous year for Google, with the stock price reaching a top of approximately $192, a low of $179, and an average of $185. This might shift in the not-too-distant future depending on the projects Google is currently working on and how well they do as a business overall.
Currency Prediction Alphabet (GOOG) Stock Price Prediction 2030
The year 2030 is a very long way off, and pricing forecasts so far in the future are extremely uncertain. In spite of this, we put in significant effort to ensure that the forecasts we provide are both reliable and accurate. In the year 2030, we anticipate that the price of GOOG might range anywhere from $230 to $275, with an average price of $245 and a lowest price of $230.
How To Invest in Alphabet (GOOG)
Investing in Google is no different than investing in any other company or venture. In this post, we will walk you through the process of investing in the stock of your choice in great detail.
Step 1: Choose an Online Broker
The most convenient way to buy stocks is to use the services of an online stockbroker. After you’ve set up your account and placed funds into it, you’ll be able to purchase stocks via the broker’s website in a matter of seconds.
Another option is to use a stockbroker who offers a wide variety of services or to purchase shares of stock directly from the business.
Opening an online brokerage account is as straightforward as opening an online bank account: You must provide a valid form of identification, complete an account application, and specify whether you will fund the account by mailing a check or depositing cash online.
Step 2: Find Your Stock
When you’re done creating and financing your brokerage account, it’s time to start picking stocks to invest in. Exploring firms that you are already familiar with from prior consumer interactions is a good place to start.
As you do your research, avoid being overwhelmed by the flood of data and the market’s real-time changes. Keep your aim simple: you’re looking for companies in which you may buy shares and become a large shareholder.
Step 3: Purchase Your Stock
After you have finished setting up your account and making deposits, you are ready to go to the next stage, which is the purchase of your GOOG shares.
To do so, go to the website’s “Buy” button and, after clicking it, enter the quantity of GOOG stocks you wish to buy. It is possible that the method will differ from one broker to the next.
Frequently Asked Questions (FAQ)
Is GOOG Worth It?
If you are looking for an investment that will pay off in the long run, Google is undeniably a good choice. Over the course of many years, there has been a gradual increase in its price. However, make sure to conduct your own independent research and invest only the amount of money that you can afford to lose.
Is it too late to Invest in GOOG?
No, it is not too late; according to our forecasts, there is a good chance that the price of GOOG will rise in the not-too-distant future. This totally depends on what the company has in store for the future.
Takeaways
- Google is a massive corporation that offers a stock that is greatly sought after by long-term investors hoping to earn a profit from their investments.
- In the year 2020, the company’s primary focus was on developing goods that would make the lives of individuals coping with the pandemic a little easier.
- In 2004, the corporation saw difficulty with internal communication and introduced a faster, more responsive web-based email platform.
- It would appear that the corporation will continue its expansion into new markets over the course of the next few years, as well as maintain its current rate of growth.
- The price of Google stock has increased throughout the years in a manner that is sluggish but consistent, despite the fact that it is not as volatile as other stocks.
- Long-term, Google may be a good investment, but always do your own research before investing and only invest as much as you can afford to lose.
