Why Alphabet Stock Lost 10% This Week
It's rare for a company as large as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to move by double digits in a week, but that's exactly what happened following the Google parent's earnings report Tuesday night. While Alphabet actually beat estimates on the top and bottom lines, investors seemed disappointed with weaker-than-expected results from its cloud division and a narrower operating margin than analysts had forecast.
According to data from S&P Global Market Intelligence, shares of Alphabet's Class A (NASDAQ: GOOGL) stock were down 10% as of Thursday at 1:22 p.m. ET.
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Source Fool.com
Alphabet Inc. A Stock
€149.78
0.710%
The stock is an absolute favorite of our community with 94 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 19.51% compared to the current price of 149.78 € for Alphabet Inc. A.
