3 Takeaways From Alphabet's Fourth Quarter That Bode Well for Its Stock
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has suffered from a lack of respect recently. Despite being an innovator in artificial intelligence (AI) for more than 20 years, investors now question its future in that industry.
Moreover, the negative perceptions in the market appeared to persist despite the company delivering respectable results for the fourth quarter. Following the release of that Q4 report Tuesday, the stock price dropped 6% in after-hours trading.
Despite the negativity surrounding this communications stock, it would be premature to count out the company. Three factors make it likely that Alphabet will maintain a considerable competitive edge and continue to grow.
Source Fool.com
Alphabet Inc. A Stock
€153.82
-0.320%
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
