3 Reasons To Buy Alphabet Stock, and 3 Reasons to Sell
's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price dropped 6% during after-hours trading on Oct. 24 following its third-quarter report. The tech giant's revenue rose 11% year over year to $76.7 billion, surpassing analysts' estimates by nearly $1 billion, as its EPS rose 46% to $1.55 and cleared the consensus forecast by a dime.
Those growth rates were robust, so does Alphabet's post-earnings dip represent a buying opportunity? Let's review three reasons to buy the stock -- along with three reasons to sell it -- to see if it's a contrarian buy or a falling knife.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Aktie
149,82 €
0,74 %
Die Community ist sich einig: Alphabet Inc. A nur mit Buy-Einschätzungen, keine Sell-Einschätzungen.
Für Alphabet Inc. A ergibt sich mit einem Kursziel von 179 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 149.82 €.
