My Top FAANG Stock to Buy for the Second Half of 2023 (and Beyond)
You don't have to be Einstein to understand relativity. In this case, I'm talking about the fact that, although this is a relatively "bad" year (advertising spending is under pressure from a weakening economy) for Google's parent (NASDAQ: GOOG) (NASDAQ: GOOGL), the stock still represents excellent value, and offers exciting long-term growth prospects.
Not least because management is taking action to improve its underlying offerings by using artificial intelligence (AI), investing in Google Cloud, and improving its YouTube and search. Here's why Alphabet is an attractive stock.
Continuing the relativity theme, Alphabet is not perfect, but the pros significantly outweigh the cons on balance. Any business that relies on advertising revenue will experience the cyclicality of ups and downs in the economy. That much is apparent in a breakout of Alphabet's revenue in the first quarter.
Source Fool.com
Alphabet Inc. A Stock
With 83 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 165 € there is a slightly positive potential of 5.1% for Alphabet Inc. A compared to the current price of 157.0 €.
