Here's What Sundar Pichai Just Said That Makes Google Stock a No-Brainer Buy on the Dip
Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) lost close to $150 billion in market cap in early trading on Wednesday. Disappointing growth for the company's Google Cloud unit in its fiscal 2023 third quarter caused some investors to head for the hills.
However, anyone listening closely to the Q3 earnings call Tuesday evening would have easily found reasons to be optimistic about the future. Here's what CEO Sundar Pichai just said that makes Google stock a no-brainer buy on the dip.
Google Cloud generated revenue of $8.41 billion, up 22% year over year. However, analysts were looking for revenue of $8.64 billion.
Source Fool.com
Alphabet Inc. A Stock
€153.82
-0.320%
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
