Is It Too Late to Buy Alphabet Stock?

Tech investors chased a lot of high-growth stocks with high valuations in 2020. However, that strategy backfired in 2021 as concerns about inflation and higher interest rates crushed many of those frothier growth stocks.

As investors fled the more speculative tech stocks, resilient stalwarts like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, became more attractive investments. Over the past 12 months, Alphabet's stock price rallied 66.8% as the S&P 500 advanced just 27.2%.

Alphabet's market-beating rally proves that the best investments are often hidden in plain sight, but is it too late to hop aboard that bandwagon?

Source Fool.com