Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) stock has tumbled 27% over the past year as investors have opted for lower-risk, slower-growth investments in the wake of rising inflation and a potential recession. Disappointing financial results in the fourth quarter also contributed to Alphabet's recent share price decline.
With Alphabet's stock down significantly over the past year, some investors are wondering if the tech giant is a good buy right now. I think it is and there are three reasons why.
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Source Fool.com