Is Alphabet Stock a Buy Now?
Shares of Google parent (NASDAQ: GOOGL)(NASDAQ: GOOG) were on an upswing earlier this year. The stock rose from a 52-week low of $127.90 last December to hit a high of $191.75 in July.
But in August, a federal court ruled that the way the company was conducting its business -- particularly in relation to Google Search, which it concluded was a monopoly -- violated antitrust laws, and Alphabet shares plunged. The stock was making a recovery when it fell again after the U.S. Department of Justice (DOJ) on Nov. 20 called for a series of changes that could dramatically alter Google's operations.
In the wake of its latest share price drop, is Alphabet now a buy? Answering that question requires unpacking the implications of the DOJ's proposed changes.
Source Fool.com
Alphabet Inc. A Stock
With 166 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 339 € there is a slightly positive potential of 3.32% for Alphabet Inc. A compared to the current price of 328.1 €.
