Is Alphabet a Buy?
During the three-month period that ended Sept. 30, (NASDAQ: GOOGL) (NASDAQ: GOOG) posted revenue of $76.7 billion and diluted earnings per share of $1.55. These headline figures were better than what Wall Street analysts were expecting. So it's probably curious that the FAANG stock dipped 10% immediately following the announcement.
As of this writing, Alphabet's stock is 18% below its all-time high price and 12% below its 52-week high. Should investors take advantage of the dip and buy this business? Let's take a closer look.
That revenue figure showed an 11% jump compared to Q3 2022. This was the first quarter since Q2 2022 that the company posted a double-digit gain.
Source Fool.com
Alphabet Inc. A Stock
€147.84
0.630%
With 96 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 179 € there is a positive potential of 21.08% for Alphabet Inc. A compared to the current price of 147.84 €.
