Should You Buy the Only "Magnificent Seven" Stock That Is Cheaper Than the S&P 500 According to This Key Metric?
The "Magnificent Seven" companies -- Microsoft, Apple, Nvidia, (NASDAQ: GOOGL)(NASDAQ: GOOG), Amazon, Meta Platforms (NASDAQ: META), and Tesla -- are known for their growth prospects and rewarding long-term shareholders with epic gains, but not so much for being value stocks.
However, earnings growth and a recent sell-off in Alphabet stock have pushed its forward price-to-earnings ratio below that of the S 500. The forward P/E ratio is based on projections for the next 12 months rather than the trailing 12 months of earnings.
Source Fool.com
Alphabet Inc. C Stock
€149.26
0.870%
With 27 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 165 € shows a slightly positive potential of 10.55% compared to the current price of 149.26 € for Alphabet Inc. C.
