Billionaire Investor Bill Ackman Just Said That Alphabet Has "an Unmatched Business Model." Is He Right?
One of the best ways to see where "smart money" is moving is to look through the regulatory filings of money managers. Bill Ackman, a hedge fund manager and CEO of Pershing Square Capital Management, is a closely followed investor on Wall Street.
Ackman is known to keep a limited number of stocks in his portfolio -- only taking positions in high-conviction opportunities. In 2023, it was revealed that Ackman had initiated an investment in (NASDAQ: GOOG) (NASDAQ: GOOGL).
This seemed a curious move as the artificial intelligence (AI) revolution was only beginning to take shape. Why Alphabet instead of Microsoft, Amazon, Nvidia, or a number of other players?
Source Fool.com
Alphabet Inc. C Stock
€154.28
-3.820%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 10.19% for Alphabet Inc. C compared to the current price of 154.28 €.
