7 Reasons Why Buying This "Magnificent Seven" Stock Could Be a Brilliant Move Right Now
If you had invested $10,000 in (NASDAQ: GOOG) (NASDAQ: GOOGL) stock when it first began trading in 2004 as Google, you would have more than $550,000 today. I suspect every investor on the planet would love a 55-bagger.
With Alphabet's market cap now topping $1.7 trillion, the prospects of getting that kind of return over the next two decades are slim. However, I think shares of Google's parent still have a lot of room to run. Here are seven reasons why buying this "Magnificent Seven" stock could be a brilliant move right now.
Ultimately, the main reason for any long-term investor to buy any stock is that it has a great underlying business. Alphabet checks off this box and then some.
Source Fool.com
Alphabet Inc. A Stock
€157.48
0.540%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 13.03% compared to the current price of 157.48 € for Alphabet Inc. A.
