Is Alphabet a Buy?
's (NASDAQ: GOOGL) (NASDAQ: GOOG) big reliance on digital advertising can be a boon in robust economic times, but a headwind in weaker ones.
The company's revenue was up just 3% in the most recent quarter (ended March 31), a sharp slowdown from previous years, showcasing this new macro reality. And Alphabet is focused on cutting costs where it can, with the layoffs of 12,000 employees making headlines.
The market is reacting positively, though, with shares up 40% in 2023. But they are still down 17% from their all-time high. Does this make Alphabet stock a buy right now? Let's look at why I believe the answer to that question is a resounding yes.
Source Fool.com
Alphabet Inc. A Aktie
308,80 €
6,79 %
Hohe Buy- und niedrige Sell-Zahlen bei Alphabet Inc. A zeigen ein stark positives Sentiment.
Ein positives Kurspotenzial für Alphabet Inc. A ist gegeben, mit einem Kursziel von 334 € über dem aktuellen Kurs von 308.8 €.
