Alphabet's Growth Is Accelerating: Is It Time to Buy This Unstoppable Stock?
After falling 39% in 2022, shares of (NASDAQ: GOOGL) (NASDAQ: GOOG) have been on a tear this year, up 46% (as of July 26). That performance leads the 35% gain of Nasdaq Composite index by a sizable margin.
The tech giant's recently reported second-quarter financials definitely helped propel the stock price even higher. In fact, revenue growth for Alphabet is showing signs of accelerating, something shareholders are getting excited about after a notable slowdown last year. However, the stock is still 14% off its all-time high price.
Is now the time for investors to buy this FAANG stock? Let's take a closer look at Alphabet.
Source Fool.com
Alphabet Inc. A Aktie
147,84 €
0,63 %
Alphabet Inc. A als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Eine deutliche Steigerung um mehr als 20% ist für Alphabet Inc. A mit einem Kursziel von 179 € gegenüber 147.84 € zu erwarten.
