Is Alphabet Stock a Buy Now?
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shares have produced a monster 6,510% return since their initial public offering in 2004. That gain certainly made early investors rich. But shares are taking a breather, as they're down about 13% from their peak from July this year.
If you're considering buying this top technology stock, which is worth more than $2 trillion at the time of this writing, continue reading to understand why that's a very smart decision for your portfolio.
I think the mark of a truly outstanding company is the presence of an economic moat. In other words, does the business in question possess durable competitive advantages that allow it to succeed financially for an extended period of time? Alphabet certainly fits the bill here. In fact, there are likely multiple competitive strengths at play.
Source Fool.com
Alphabet Inc. C Stock
Our community is currently high on Alphabet Inc. C with 66 Buy predictions and 5 Sell predictions.
With a target price of 367 € there is a positive potential of 20.05% for Alphabet Inc. C compared to the current price of 305.7 €.
