Why Alphabet Stock Slipped Today
On Monday, an (NASDAQ: GOOG)(NASDAQ: GOOGL) rival took a turn in the spotlight, draining attention and sentiment from the tech giant. The Google parent's two publicly traded stocks ended the day around 1% lower in price, comparing unfavorably to the nearly 1% gain of the S 500 (SNPINDEX: ^GSPC).
That rival is Alphabet's peer in the self-driving taxi space, Tesla. On Sunday, the high-profile auto company officially launched its Robotaxi service in Austin, Texas. Although rides were limited to selected users, the event went off smoothly, without any reported accidents.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€308.80
6.790%
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 334 € shows a slightly positive potential of 8.16% compared to the current price of 308.8 € for Alphabet Inc. A.
