4 Reasons to Buy Alphabet Stock and 2 Reasons to Sell
Digital advertising company Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) highly influential brands such as Google, YouTube, Google Cloud, and Chrome are being used extensively by billions of users. With its stellar ecosystem of products and services, Alphabet enjoys access to mounds of valuable data. This data has also played a major role in helping Alphabet build its AI capabilities over the past decade.
However, all is not rosy for the company. While there are a few reasons to like the stock, there are at least two that have investors worried.
Google accounted for nearly 83.5% of the global desktop search engine market in July 2023, lower than the 84% share in July 2022. On the other hand, the second-leading search player Microsoft Bing's share has increased from 8.8% in July 2022 to 9.2% in July 2023.
Source Fool.com
Alphabet Inc. A Stock
With 96 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 180 € there is a positive potential of 26.28% for Alphabet Inc. A compared to the current price of 142.54 €.
