Q2 STOCKS TO BUY

Alphabet Stock Cools After Google Cuts Cloud Commissions

Alphabet's Google slashed the commissions its receives from its Cloud Platform to 3%

Digital Content Manager
Sep 27, 2021 at 3:16 PM
facebook X logo linkedin


Reports have surfaced that Alphabet Inc's (NASDAQ:GOOGL) Google will cut the commissions it makes on its third-party software sales from its Cloud Marketplace to 3% from 20%. Pressure has been mounting on many Big Tech companies to cut their "take rates," and Google is attempting to best its competition and attract independent software creators to its platform, according to someone familiar with the matter. 

GOOGL is off 0.7% at $2,827.79 this afternoon, heading lower with the better part of the tech sector, and set to snap its four-day win streak. The stock just came off a Sept. 1 record high of $2,925.07, though it's chopped lower for most of the month. Despite this, the 50-day moving average helped launch the stock higher mid-September, and the security is up an impressive 61.2% this year. 

googl sept 27

Sentiment surrounding the tech giant is strong. Of the 33 in coverage, all but one consider it a "buy" or better. Meanwhile, the 12-month consensus price target of $3,159.08 is an 11.8% premium to current levels. 

For those wanting to speculate on GOOGL's next move without the hefty price point, options may be the way to go, especially considering the stock's Schaeffer's Volatility Index (SVI) of 18%, which stands higher than only 10% of readings from the past 12 months. This means options traders are pricing in relatively low volatility expectations at the moment. Adding to this, Alphabet stock's Schaeffer's Volatility Scorecard (SVS) stands at 89 out of a possible 100, implying the stock tends to outperform these volatility expectations -- a good thing for buyers. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter