[chaostheory]

Wall Street is short sighted and regularly see things by the quarter. Its long term outlook tends to be a year give or take. Alphabet needs more forward thinking investors who can see a payout that may not happen for a decade or more. While it has cool projects, the problem with X is that it doesn't seem to have a clear mission / message like SpaceX and Tesla where you are investing for more than just a profit. I could be wrong but they have a marketing / PR problem (in addition their other pre-exisiting ones).

[hueving]

Stock is up 4% after hours. I'm not sure which "wall street" strawman you are attacking, but it doesn't appear to be the one that actually trades stock.

[chaostheory]

ok, my criticism is directed towards Wall St analysts. I could be wrong but it feels like the vast majority of them see X as a money pit that's hampering Alphabet as whole. I've been hearing this for about a year now. If ad revenue wasn't up, the chorus would be louder.

[_jtai]

I also don't know if that's entirely true either. After the earnings came out, it looks like quite a few Wall St analysts changed their recommendation to outperform, with a target price of 900+, and in general, it seems like many analysts all have pretty high target prices assigned to Alphabet.

[chaostheory]

Just because they like Alphabet as a whole doesn't mean that they like X. Am I wrong?