I'll Buy This "Disappointing" Alphabet Stock Any Day of the Week
Based on expectations, it was a disappointment. Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) produced $65.5 billion worth of advertising revenue during the fourth quarter. Analysts were expecting a figure closer to $66 billion. Alphabet stock stumbled more than a little after the numbers were released after Tuesday's closing bell.
It's yet another case, however, where the market may have lost sight of the much bigger bullish picture by fixating on one specific data nugget. There are still plenty of reasons to own Alphabet stock. The recent setback is another one.
Alphabet turned a total of $86.3 billion in revenue last quarter into operating income of $23.7 billion or a per-share profit of $1.64.
Source Fool.com
Alphabet Inc. A Aktie
147,96 €
0,43 %
Überwältigende Zustimmung für Alphabet Inc. A mit ausschließlich Buy-Einschätzungen.
Bei einem Kursziel von 179 € ergibt sich ein positives Potenzial von 20.98% für Alphabet Inc. A im Vergleich zum aktuellen Kurs von 147.96 €.
