$GOOGLBull claim
Joseph Carlson After HoursANALYSTJul 31, 2026The claim
“GOOGL's repeated earnings strength and capex fueling a profitable distribution business justify the PE re-rating from 15 to 25.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTOn record
Google was just an incredible company that the market was undervaluing.
Why
I argued for Google for over a year that this company was worth owning on the back of its earnings reports that were repeatedly excellent earnings reports.
Google's capex spend is growing a massive profitable business with massive distribution. The market raced up with Google valuing the company from a 15 PE to a 25.
So, it's around a $200,000 position with $110,000 in gains.
The structured call
Direction
Bullish
Catalyst
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Target
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The receipt
Publish-day price $$336.71 · the claim is anchored to the moment it was said.