3 Reasons to Buy and Hold Alphabet Stock Forever
Long-term investing is the key to sustainable returns in the stock market because it ignores short-term volatility. But for investors, it's hard to know which companies can stand the test of time. Let's discuss three reasons why the diversified technology giant (NASDAQ: GOOG) (NASDAQ: GOOGL) looks poised for decades of success.
Despite a 18% rally in 2023, Alphabet stock is still down by a whopping 30% from its all-time high of $150, reached in late 2021. Like many stay-at-home winners, the company has faced a slowdown in growth and margins as pandemic-era trends normalize. Cyclical macroeconomic headwinds like inflation and rising interest rates have compounded the problem.
First-quarter sales grew just 3% to $69.8 million, while operating income fell 13% to $17.4 billion. But while advertisers are cutting marketing budgets amid fears of a future recession, this is a predictable part of the business cycle that doesn't change Google's long-term economic moat, which comes from its 86% market share in desktop internet search.
Source Fool.com
Alphabet Inc. A Aktie
Und Alphabet Inc. A steht derzeit mit 99 Buy-Einschätzungen und 1 Sell-Einschätzungen bei unserer Community gut im Kurs.
Für Alphabet Inc. A ergibt sich mit einem Kursziel von 180 € eine mögliche Steigerung von über 20% gegenüber 139.48 €.
