Is This Artificial Intelligence (AI) Stock-Split Stock a Buy After Q3 Earnings?
As earnings season kicks into high gear, all eyes will be on big tech. (NASDAQ: GOOG) (NASDAQ: GOOGL) recently reported financial results for the quarter ended Sept. 30. Once again, the company showed noticeable progress in both its advertising unit and cloud segment as competition from TikTok, Meta Platforms, Microsoft, and Amazon lingers.
Over the last several months, Alphabet has invested significant capital in artificial intelligence (AI) applications and integrated the technology across all aspects of its business. Nonetheless, Alphabet stock appears to be taking a bit of a breather at the moment.
Let's dig into the Q3 report and take a look at how AI is fueling growth within Alphabet's ecosystem and assess if investors should scoop up some shares in the face of recent mundane pricing action.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 97 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a positive potential of 22.24% compared to the current price of 145.62 € for Alphabet Inc. A.
