Alphabet Stock: Bear vs. Bull
's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock price jumped 6% during after-hours trading on July 25 after it posted its second-quarter report. The tech giant's revenue rose 7% year over year to $74.6 billion, which beat analysts' consensus estimates by $1.8 billion. Its EPS grew 19% to $1.44 and cleared the consensus forecast by a dime.
Does that earnings beat indicate it's finally the right time to buy Alphabet's stock, which remains 14% below its all-time high from November 2021? Let's review the key numbers -- and if they support the bullish or bearish thesis -- to decide.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€148.46
-2.510%
The stock is one of the favorites of our community with 101 Buy predictions and 1 Sell predictions.
As a result the target price of 180 € shows a positive potential of 21.24% compared to the current price of 148.46 € for Alphabet Inc. A.
