Is Alphabet Stock a Buy Now?
(NASDAQ: GOOGL) (NASDAQ: GOOG) reported better-than-expected fourth-quarter 2023 revenue and diluted earnings per share (EPS) of $86.3 billion and $1.64, respectively. However, the stock dipped following the news, as the market was disappointed with a component of Alphabet's revenue.
Shares are taking a bit of a breather, which might be needed as they soared 54% in the last 12 months before the drop. Investors have a lot to think about.
Is Alphabet stock a smart buy right now? To answer that question, let's take a closer look at the latest financial results from this dominant tech business. Then we can zoom out and view Alphabet with a long-term perspective.
Source Fool.com
Alphabet Inc. A Stock
€153.96
-0.140%
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 14.96% compared to the current price of 153.96 € for Alphabet Inc. A.
