Is Now the Time to Buy Alphabet?
Shares of Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have delivered lackluster performance this year. The stock is up less than 2% through July 31. Contrast this to digital advertising and AI rival Meta Platforms, which saw shares jump over 30% in that time.
However, after its second-quarter earnings report beat Wall Street expectations, Alphabet stock began to climb and is hovering not far from the 52-week high of $207.05 set in February. The recent resurgence could signal a turning point.
As a result, now is a good time to evaluate whether an investment in Alphabet makes sense. Doing so requires digging into where the tech giant stands today.
Source Fool.com
Alphabet Inc. A Stock
€280.75
-0.570%
With 146 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 310 € there is a slightly positive potential of 10.42% for Alphabet Inc. A compared to the current price of 280.75 €.
