Alphabet Stock: Bear vs. Bull
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, has been a resilient stock for long-term investors. The tech giant's shares have rallied 750% over the past 10 years, easily beating the S&P 500's gain of about 220% over the same time frame. Even as inflation, rising interest rates, and other macroeconomic headwinds have crushed many high-growth tech stocks over the past 12 months, Alphabet's stock advanced nearly 35%.
Alphabet's latest earnings report in February, which topped analysts' expectations and revealed a forthcoming 20-for-1 stock split, indicated that its stock still had plenty of room to run. So is it still safe to buy Alphabet in this challenging market? Let's review the bear and bull cases to decide.
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Source Fool.com
