3 Things About Alphabet That Smart Investors Know
All eyes have been on tech this year, with advances in sectors like artificial intelligence (AI) and cloud computing making Wall Street particularly bullish. (NASDAQ: GOOG) (NASDAQ: GOOGL) has growing positions in both of these industries. Meanwhile, its command of the consumer market with potent products like Google and YouTube could give it a boost in AI over the long term.
Alphabet stumbled last year as an economic downturn curbed digital ad spending. However, its ad revenue has enjoyed a gradual recovery in 2023 alongside easing inflation. The company has a solid long-term outlook and trades at a better price than most of its peers. It's an excellent time to learn more about this tech giant before its stock rises any higher.
So, here are three things about Alphabet that smart investors know.
Source Fool.com
Alphabet Inc. A Stock
With 89 Buy predictions and 1 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 182 € there is a slightly positive potential of 9.32% for Alphabet Inc. A compared to the current price of 166.48 €.
