Alphabet Under $330: Your Last Chance to Buy?
Six years ago, on Dec. 23, 2019, I could have sold my (NASDAQ: GOOG) (NASDAQ: GOOGL) shares at a market-crushing profit. After almost exactly nine years in my portfolio, my Alphabet Class A stock was up by 348%. The S 500 (SNPINDEX: ^GSPC) had gained 156% over the same period.
But I didn't rebalance this successful position. Now, those Alphabet shares have gained a total of 2,084% (or 2,096% if you include the minimal dividends the Google parent is paying nowadays). Every time I look at that chart, it reminds me of the classic Motley Fool Rule Breakers philosophy: Let winners keep winning.
On that note, Alphabet is up to its old market-beating tricks again. The stock is up 66% over the last year, outperforming the other six members of the "Magnificent Seven" club. Many investors back away from showstopping gains like these, fearing that the greatest gains must be behind them.
Source Fool.com
Alphabet Inc. A Stock
The stock is one of the favorites of our community with 142 Buy predictions and 3 Sell predictions.
As a result the target price of 313 € shows a slightly positive potential of 7.82% compared to the current price of 290.3 € for Alphabet Inc. A.
