Why Alphabet Stock Was Sliding Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were falling today after the tech giant reported its fourth-quarter and full-year 2023 results. Alphabet beat analyst estimates on the top and bottom lines in its fourth quarter, but its ad revenue was a bit short of expectations. The sell-off also came after the stock jumped more than 50% in 2023, a sign that investors may believe it had become overheated.
As of 1:11 p.m. ET, shares were down 6.6%.
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Source Fool.com
Alphabet Inc. A Stock
€308.80
6.790%
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 334 € there is a slightly positive potential of 8.16% for Alphabet Inc. A compared to the current price of 308.8 €.
