Is It Too Late to Buy Alphabet Stock?
(NASDAQ: GOOGL) (NASDAQ: GOOG) has had a banner year so far in 2023, riding the wave of a broad recovery among technology stocks. Shares of the search giant are up 35% so far this year, roughly five times the 7% gains of the S 500. This is in stark contrast to the stock's performance last year, when it lost more than 39%.
The other catalyst fueling its gains were the company's better-than-expected financial results, which suggested the beginnings of a recovery for the advertising market. This gave investors much-needed confidence that the macroeconomic headwinds that have weighed on Alphabet's stock might finally be easing.
What does this mean for investors who missed out on Alphabet's current rally? Should they buy now with the expectation of further gains, or avoid the stock due to the economic uncertainty that remains? Let's take a look.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 96 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a positive potential of 26.51% compared to the current price of 142.28 € for Alphabet Inc. A.