Is Alphabet Stock Going to $205? 1 Wall Street Analyst Thinks So.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been a long-term winner on the stock market as its dominance of online search and digital advertising has delivered strong growth and steady returns, fueling new businesses as well, like Google Cloud.
However, investors were underwhelmed by Alphabet's second-quarter earnings report as the stock fell on the news even though the company beat analyst estimates. YouTube revenue growth was weaker than expected and fears about increasing spending on artificial intelligence (AI) infrastructure weighed on the stock.
Now, one Wall Street analyst sees an opportunity in the sell-off as the stock is down 7% since the earnings report.
Source Fool.com
Alphabet Inc. C Stock
€150.06
1.890%
With 28 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 165 € shows a slightly positive potential of 9.96% compared to the current price of 150.06 € for Alphabet Inc. C.
