Google Inc (NASDAQ:GOOGL) is the closest company to transforming the robotic future into present with the help of its Glass, Driverless Car, Express and Nest. If these projects evolve into revenue streams, the company has the biggest potential of being the first to pass the trillion dollar valuation line, according to TheStreet. However, the upswing to the almost $1,500 price per share will not be without obstacles, so the key Google Inc (NASDAQ:GOOGL) metrics to watch closely for the time being are not yet related to robots.
“We are focusing on the core business. We make sure that the core is growing north of 20%, […] Google Play revenue on the other side. We also want to focus on click prices, which have been declining on a year over year basis. We want to see if there are any signs that that decline is starting to abate,” stated Colin Gillis.
BGC’s Financial Director of Research went on saying that Google Inc (NASDAQ:GOOGL) should find a way to monetize clicks on mobile devices as they grow in popularity. The comparison he brought was through the fact that phones on Android are expected to be sold in quantities 3 times larger than the number of personal computers commercialized in the current year. Consequently, Google Inc (NASDAQ:GOOGL)’s operating system enjoys the highest popularity among homologous software. As a cherry on top, the company also has about $61 billion cash equivalents in its possession and it might be interested in smaller businesses with potential.
“If you own Google, you have to be prepared for them to invest and that cash is going to be used for acquisitions. They’re quite acquisitive and in fact, we talked about the robotics space, they’ve rolled that up relatively quietly. They’ve done north of ten acquisitions in that space, taking up some of the leaders,” said Colin Gillis.
Taking long positions in Google Inc (NASDAQ:GOOGL)’s stock might be appropriate given that the markets will commence their rebound soon, but it’s not advised to raise hopes prior to the tech giant undertaking any concrete projects that will result in increasing revenues.
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