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Will Alphabet Stock Beat the Market in 2023?

TheMotleyFool

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Will Alphabet Stock Beat the Market in 2023?: https://g.foolcdn.com/editorial/images/717101/search-engine-google.jpg

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) investors are happy to put 2022 in the books.

Share prices of the tech giant plunged 39% last year as tech valuations fell across the board, its revenue growth slowed significantly, and profits declined. As the Google parent limps into 2023, the good news is that the stock trades at a low price-to-earnings ratio of just 18, making it slightly cheaper than the average S&P 500 stock. That potentially sets up the stock for a comeback, but will it come through for investors?

Let's take a look at Alphabet's prospects for 2023, and whether it can beat the market.

Source Fool.com

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