Why Alphabet Stock Fell 17% in February
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is well established as a tech leader and is one of the most valuable companies in the world. However, the stock is still vulnerable to the same kinds of macro-level risks as the rest of the stock market, and in February, a combination of weaker-than-expected revenue in its fourth-quarter earnings report and broader worries around the global economy sent the stock tumbling. By the end of the month, Alphabet had lost 17%, according to data provided by S&P Global Market Intelligence, erasing more than $300 billion in market value from the company.
As the chart below shows, the stock fell early in the month on the earnings report and at the end of February as part of a broader sell-off in the market.
Source Fool.com
Alphabet Inc. C Stock
Currently there is a rather positive sentiment for Alphabet Inc. C with 66 Buy predictions and 5 Sell predictions.
As a result the target price of 367 € shows a positive potential of 23.88% compared to the current price of 296.25 € for Alphabet Inc. C.
