This Artificial Intelligence (AI) Stock Just Tanked. Time to Buy the Dip?
Earnings season is in high gear and all eyes are on big tech. "Magnificent Seven" member (NASDAQ: GOOG) (NASDAQ: GOOGL) recently reported earnings for its fourth quarter and full year 2023.
Despite healthy growth across each of Alphabet's major revenue streams, investors were left uninspired. Since reporting earnings on Jan. 30, Alphabet stock is down roughly 7% as of market close on Feb. 1.
Let's dig into the report, and assess why investors may be souring on Alphabet. More importantly, by taking a thorough look at the entire picture and thinking longer term, investors may come to view the sell-off as an opportunity to buy the dip.
Source Fool.com
Alphabet Inc. A Stock
€153.38
-0.520%
The stock is an absolute favorite of our community with 95 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 15.4% compared to the current price of 153.38 € for Alphabet Inc. A.
