Alphabet Stock: I'd Load Up At $130 (NASDAQ:GOOG)
1. GOOG is considered one of the cheapest Magnificent 7 stocks. It is trading at 20 times earnings.
FAQ
Why Bullish?
Being labeled as one of the cheapest in a competitive group signals potential upside. Historical patterns show that undervalued stocks often outperform when market conditions are favorable.
How important is it?
The classification as a 'cheap' stock can lead to increased investment interest, impacting GOOG’s price. This sentiment could drive short-term gains as traders respond to potential undervaluation.
Why Short Term?
As investor sentiment shifts towards perceived value stocks, GOOG could see immediate buying interest. Quick gains have historically occurred following similar valuations in tech stocks.