Buffett Backs Google to Outrun 95% of the Stocks Wall Street Picks Warren Buffett said Alphabet's Google stock could outperform 90% to 95% of the picks made by Wall Street, and GOOGL jumped about 3.65% right after his remarks aired. Veteran investor Warren Buffett has thrown his weight firmly behind Google. In an interview, he said that Alphabet, the parent company of Google, and its stock (GOOGL) could beat 90% to 95% of the stocks picked by Wall Street. The comment appeared to lift investor sentiment right away, and soon after the interview aired GOOGL rallied about 3.65% to $370.36. Buffett's firm, Berkshire Hathaway, currently holds roughly $31 billion worth of GOOG shares, a position that trails only Apple and American Express in the portfolio. Whose Decision Was the Purchase Many assumed that Berkshire Hathaway's recent Google stock buying was driven by the company's new CEO, Greg Abel. Buffett, however, clarified that he was the one who initiated the purchase. The seasoned investor did point out that Abel still has the final say. Why Buffett Is Bullish on Google Buffett's confidence in Google is hardly a surprise once you look at the numbers. Alphabet reported a 22% jump in first-quarter revenue, which climbed to $110 billion. Google Cloud sales, meanwhile, surged by nearly 63%. According to the filing, the company generated $174 billion in operating cash flow over the last year. The Risks He Flagged Even with his upbeat view on the stock, Buffett did not ignore the risks. Alphabet plans to spend between $180 billion and $190 billion in capital expenditure this year. He noted that this figure is far higher than anything railroads ever spent. A Split Verdict on Wall Street Analyst opinion on Google is divided. Citi and Morgan Stanley raised their price targets for the stock to $671 and $415, respectively. Others, however, trimmed their forecasts. Wells Fargo cut its target from $435 to $416, while UBS lowered its Google price target from $410 to $400. Wall Street's average target for the company currently sits at around $435.78. Elon Musk Weighs In Google's foundational work has also drawn praise from Elon Musk. In a podcast, Musk said that Google would be one of the biggest beneficiaries of the AI boom, thanks to the work it has done over the past few decades. What this means for you • For investors: Buffett's endorsement and the 3.65% rally have put Google stock in focus, though divided analyst targets mean the risk is far from gone. • Keep in mind: The company's heavy $180 billion to $190 billion capital spending this year could weigh on margins, so weigh any decision carefully. Questions & Answers 1. What did Warren Buffett say about Google stock? Buffett said Alphabet's Google stock (GOOGL) could beat 90% to 95% of the stocks picked by Wall Street. 2. How much did GOOGL rise after the remarks? Soon after the interview aired, GOOGL rallied about 3.65% to $370.36. 3. How much Google stock does Berkshire Hathaway hold? Berkshire Hathaway currently holds about $31 billion worth of GOOG shares, its third-largest position behind Apple and American Express. 4. Who initiated the Google purchase? Buffett clarified that he initiated the purchase himself, though new CEO Greg Abel has the final say. 5. How did Alphabet's quarterly results look? Alphabet posted a 22% rise in first-quarter revenue to $110 billion, and Google Cloud sales surged nearly 63%. 6. What risk did Buffett flag? He noted that Alphabet plans $180 billion to $190 billion in capital spending this year, far higher than anything railroads ever spent. 7. What is Wall Street's average price target? Wall Street's average price target for Google currently sits at around $435.78. https://trendkia.com/en/market/google-ka-sheyara-wall-street-ke-95-danva-ko-pachhara-sakata-hai-warren-buffett-ka-bara-bharosa-8187 TrendKia — Har trend, sabse pehle.