Is Alphabet a Buy?
's (NASDAQ: GOOGL) (NASDAQ: GOOG) big reliance on digital advertising can be a boon in robust economic times, but a headwind in weaker ones.
The company's revenue was up just 3% in the most recent quarter (ended March 31), a sharp slowdown from previous years, showcasing this new macro reality. And Alphabet is focused on cutting costs where it can, with the layoffs of 12,000 employees making headlines.
The market is reacting positively, though, with shares up 40% in 2023. But they are still down 17% from their all-time high. Does this make Alphabet stock a buy right now? Let's look at why I believe the answer to that question is a resounding yes.
Source Fool.com
Alphabet Inc. A Aktie
147,84 €
0,63 %
Reines Buy-Sentiment für Alphabet Inc. A, keine Sell-Einschätzungen in Sicht.
Das von der Community festgelegte Kursziel von 179 € für Alphabet Inc. A bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 147.84 €.
