Why Alphabet Stock Popped Today
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped 5.1% through 12:55 p.m. ET Monday after analysts at Morgan Stanley reassured investors about the company's prospects amid record levels of investment in AI infrastructure.
Image source: Alphabet.
Alphabet reported strong earnings last week, beating expectations with profits of $9.11 per share -- triple what analysts expected. Surprisingly, Alphabet stock sold off after the report and, in fact, continued to trade below its pre-earnings price all the way through Friday.
Source Fool.com
Alphabet Inc. A Stock
€328.10
1.000%
With 166 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 339 € there is a slightly positive potential of 3.32% for Alphabet Inc. A compared to the current price of 328.1 €.
