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Barchart
Barchart
Mark R. Hake, CFA

Alphabet's Q3 Free Cash Flow Surges - Options Activity Provide Good Income Plays

Alphabet Barchart Mark R Hake Google

Alphabet Inc. (GOOG, GOOGL) reported strong Q3 revenue and free cash flow (FCF) growth on Oct. 29. Its FCF margin surged to 20%, up from 16% in Q2. This could push the value of GOOG stock up to $3 trillion over the next year and $244 per share, which implies it could rise 40% more. 

GOOG closed at $171.14 on Thursday, Oct., 29, but after hours the stock is up +6.0% today to over $18` per share. I recently wrote in Barchart that if Alphabet's Q3FCF margins exceeded 16% GOOG stock could rise. 

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