Is Google Parent Alphabet Still a Millionaire-Maker Stock?
Imagine it's the week of Aug. 19, 2004. Swimmer Michael Phelps won the 200- and 400-meter individual medley double at the Olympic Games in Athens. Terror Squad's "Lean Back" topped the U.S. music charts. And a young company named Google, which would later create a parent company named (NASDAQ: GOOG) (NASDAQ: GOOGL), conducted its initial public offering (IPO).
If you had invested $10,200 on the day Google first traded publicly and never sold a share, your investment would have grown to roughly $1 million today. But is Google parent Alphabet still a millionaire-maker stock?
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€291.75
-1.350%
The stock is one of the favorites of our community with 166 Buy predictions and 2 Sell predictions.
As a result the target price of 333 € shows a slightly positive potential of 14.14% compared to the current price of 291.75 € for Alphabet Inc. A.
