Alphabet Stock: Parts Worth $337 a Share After 12% Drop

seekingalpha.com —

Alphabet shares fell 12.3% to $282.32 after third-quarter earnings missed on Search revenue and operating income, erasing about $486 billion in market value. Analyst Tim Travis estimates Alphabet's intrinsic value at $337 per share, citing Cloud revenue doubling with operating margins at 36.2% and a $560.8 billion backlog supporting growth. He sees a 16% margin of safety above the current price. Key risks include rising capital expenditures, dilution from equity offerings, uncertain Search ad pricing, and upcoming valuations of Anthropic and SpaceX. Travis holds a long position in GOOG and GOOGL shares.


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