Why Alphabet Stock Was Sliding Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were falling today after the tech giant reported its fourth-quarter and full-year 2023 results. Alphabet beat analyst estimates on the top and bottom lines in its fourth quarter, but its ad revenue was a bit short of expectations. The sell-off also came after the stock jumped more than 50% in 2023, a sign that investors may believe it had become overheated.
As of 1:11 p.m. ET, shares were down 6.6%.
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Source Fool.com
Alphabet Inc. A Stock
€147.76
1.260%
With 96 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 180 € there is a positive potential of 21.82% for Alphabet Inc. A compared to the current price of 147.76 €.
