Alphabet's Latest Earnings Teaches Investors a Valuable Lesson
The post-earnings behavior of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock may understandably befuddle some investors. If you missed the news, the tech giant just posted massive profit growth in the latest quarter and sees an apparent recovery in ad spending. However, that did not negate the robust but lower growth in its Google Cloud segment.
The stock has sunk nearly 10% since the report. Yet, such sharp, short-term swings in the share price could provide a key advantage to long-term investors. Let's see why.
Alphabet filed what most would consider a solid earnings report for the third quarter. It was not so much good and bad news as it was good news and great news. Revenue in Q3 climbed 11% yearly to almost $77 billion.
Source Fool.com
Alphabet Inc. A Stock
€153.98
-0.130%
The stock is an absolute favorite of our community with 95 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 14.95% compared to the current price of 153.98 € for Alphabet Inc. A.
