Alphabet's Growth Is Accelerating: Is It Time to Buy This Unstoppable Stock?
After falling 39% in 2022, shares of (NASDAQ: GOOGL) (NASDAQ: GOOG) have been on a tear this year, up 46% (as of July 26). That performance leads the 35% gain of Nasdaq Composite index by a sizable margin.
The tech giant's recently reported second-quarter financials definitely helped propel the stock price even higher. In fact, revenue growth for Alphabet is showing signs of accelerating, something shareholders are getting excited about after a notable slowdown last year. However, the stock is still 14% off its all-time high price.
Is now the time for investors to buy this FAANG stock? Let's take a closer look at Alphabet.
Source Fool.com
Alphabet Inc. A Stock
€147.84
0.630%
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 179 € there is a positive potential of 21.08% for Alphabet Inc. A compared to the current price of 147.84 €.
