History Says Alphabet Stock Will Skyrocket Thanks to This Trend
Looking at how companies perform through different economic cycles can lead to valuable insights. This is especially critical if a company is exposed to a cyclical industry.
Advertising can be considered cyclical, as it rises and falls with economic sentiment. This affects advertising-heavy companies like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and it also clues us into what we can expect from Alphabet in the future.
Alphabet is highly exposed to advertising, as 76% of revenue comes from this source. This isn't all bad, as advertising has been a great business for decades. Still, advertising budgets are the first thing that gets cut by a business when it sees troubling times ahead.
Source Fool.com
Alphabet Inc. A Stock
€158.90
-0.230%
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 3.84% compared to the current price of 158.9 € for Alphabet Inc. A.
