Should You Buy Meta Platforms and Google Parent Company Alphabet Now That They Are Cheaper Than Coca-Cola Stock?
Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) both pulled back from recent highs, with Meta posting a somewhat disappointing quarter in April and Alphabet tumbling last week due to weaker-than-expected YouTube advertising revenue.
Meanwhile, Coca-Cola (NYSE: KO) hit an all-time high on Friday -- pushing its price-to-earnings (P/E) ratio to 26.8 -- above Meta's 26 and Alphabet's 24. If you're wondering how a stodgy company like Coke can garner a higher valuation than two tech giants investing heavily in artificial intelligence, you've come to the right place.
Here's why Coke deserves a high valuation, why Meta and Alphabet are relatively cheap, and whether either growth stock is a buy now.
Source Fool.com
Alphabet Inc. C Stock
€147.12
-2.770%
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 12.15% for Alphabet Inc. C compared to the current price of 147.12 €.
