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
€298.20
0.180%
The stock is one of the favorites of our community with 165 Buy predictions and 2 Sell predictions.
As a result the target price of 333 € shows a slightly positive potential of 11.67% compared to the current price of 298.2 € for Alphabet Inc. A.
