Alphabet Crushes Expectations. Is It a No-Brainer Buy?
This has been an interesting year for Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Investors have worried about the effect of artificial intelligence (AI) on its dominant search position, while the government won an antitrust lawsuit alleging that the company's search engine is an anticompetitive monopoly.
In other words, investors have been afraid of competition, while the government says there isn't enough competition, and Alphabet's stock has been squeezed in the middle between these two opposing forces.
However, the company got some good news when its shares popped following its strong third-quarter report. Let's take a closer look at its results to see if the recently beaten-down stock is now a no-brainer buy after another solid earnings report.
Source Fool.com
Alphabet Inc. C Stock
Currently there is a rather positive sentiment for Alphabet Inc. C with 67 Buy predictions and 5 Sell predictions.
As a result the target price of 367 € shows a positive potential of 26.92% compared to the current price of 289.15 € for Alphabet Inc. C.
