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.
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Source Fool.com
Alphabet Inc. A Stock
€149.60
0.590%
The stock is an absolute favorite of our community with 94 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 19.65% compared to the current price of 149.6 € for Alphabet Inc. A.
