Up 57% in 2023, This Trillion-Dollar Tech Stock Still Looks Like a Smart Long-Term Buy
Along with other leading megacap technology stocks, (NASDAQ: GOOG)(NASDAQ: GOOGL) has enjoyed stellar gains so far in 2023. The search and digital advertising giant's share price is up approximately 57% year to date. The valuation momentum pushed the company's market capitalization to roughly $1.75 trillion.
Even though Alphabet has been a big winner recently, there are signs that the stock still has the makings of a smart long-term investment. Check out the following chart documenting the company's free cash flow (FCF) yield and read on for a closer look at why this trillion-dollar tech leader could be a great portfolio addition.
Source Fool.com
Alphabet Inc. A Stock
€152.72
-3.480%
With 93 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.9% for Alphabet Inc. A compared to the current price of 152.72 €.
