Alphabet Inc. (GOOGL) Valuation
Rating: Strong Overpriced
12-Month Fair Value: $200 – $227 – $254
Confidence: HIGH
GOOGL dropped 7% but FV dropped 8.5% — overvaluation DEEPENED. Triple headwind: $175-185B CapEx in recession, ad spending cyclically exposed, DOJ antitrust remedies mid-2026. At $308, 21% above upper band. Most overpriced megacap. NT R/R 0.03:1 very unfavorable. SELL/AVOID.
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