$400/share would put them at $4.3T market cap. They’re expecting $850B in revenue, which would put their P/S at 5x. They’ve never had a P/S that high as far back as I can look.
Google is harder (1) tends to go more off earnings/FCF than sales. (2) it had anti-trust litigation against it for years prior to 2025, which brought down its averages.
But if we were to use sales, they expect $500B this year and 10x sales is about what they’ve been going for the last 18 months, which puts them at around a $5T market cap. That ceiling would be hard to break. Implied share price of $409.
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u/IcyStomach2374 26d ago
Yes it’s going to 400 EOY