Why Alphabet Stock Rallied Friday
Shares of (NASDAQ: GOOGL) (NASDAQ: GOOG) turned higher Friday, gaining 3% as of 12:48 p.m. ET.
While slowing inflation data no doubt helped boost the shares, a couple of specific catalysts sent the tech giant higher. Evidence continued to emerge that the historic dry spell that has plagued digital advertising was abating, and the company got a huge vote of confidence regarding its approach to artificial intelligence (AI).
Streaming video pioneer Roku reported second-quarter results after the market close on Thursday, and the results seemed to confirm that the historic dry spell that has plagued advertisers may be over.
Source Fool.com
Alphabet Inc. A Stock
€150.26
-0.080%
With 97 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 179 € there is a slightly positive potential of 19.13% for Alphabet Inc. A compared to the current price of 150.26 €.
