Alphabet Stock Is Sinking: Here's Why Now Could Be a Great Time to Buy
Shares of (NASDAQ: GOOG) (NASDAQ: GOOGL) collapsed around 10% this week. The company reported strong earnings for the third quarter, but apparently, investors were not pleased. Compared to competitor Microsoft, Alphabet posted weak growth in its smaller cloud computing division, which has some investors skittish.
It was hard to find any other concerns for the Google parent with this quarterly report, though. Its advertising units are starting to hum again and have a long runway to grow. Its profit margin is inching higher. Is now a good time to scoop up some Alphabet shares? Let's take a closer look.
The headline from Alphabet's third quarter was accelerating growth in its advertising divisions. The most important of these is Google Search, which still generates the vast majority of the technology giant's sales.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 165 € shows a slightly positive potential of 3.85% compared to the current price of 158.88 € for Alphabet Inc. A.
