#9 - Alphabet (NASDAQ:GOOGL)
Alphabet (NASDAQ:GOOGL) the parent company of Google is a recent entrant into the video game sector. Google believes that it can convince users to opt for its streaming game service, Stadia. The benefit of Stadia is simple enough, there’s no hardware required. Games are streamed from Google’s massive data centers and broadcast to our mobile devices.
But here’s the catch. When a user is playing a game via Stadia, they are watching videos of the game as it streams from a Google server. That means that there is a lag and the games can be glitchy. But that’s no reason to stay away from Stadia. The coming move to 5G will bring faster internet speeds and even more powerful data centers.
If there’s one thing that’s odd about the Stadia service it’s this. Consumers will be required to pay a subscription fee (after a free trial). That’s good. But once you have the service, you have to purchase game titles individually. I’m not sure how that will go over with consumers.
Nevertheless, Google is leaning into the future. Will this be another Google Plus? Possibly. But given the company’s track record it’s hard to bet against its success.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Read More - Current Price
- $192.04
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 34 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $207.08 (7.8% Upside)
