Stocks Analysis by MarketBeat.com (Gabriel Osorio-Mazzilli) covering: Microsoft Corporation, Alphabet Inc Class A, Alphabet Inc Class C. Read MarketBeat.com (Gabriel Osorio-Mazzilli)'s latest article on Investing.com
Even as the technology sector trades near its highs, there are strong reasons to consider Google stock a buy today at any dip.
. Even though some would call it expensive based on the valuation multiples at which it trades today, its fundamentals and business model promise a better future and stability no matter which of the two scenarios plays out for the rest of the economy.If the economy's outcome is inflation, then businesses as a whole, especially mid-sized businesses, will see their margins fall due to rising costs and think of ways to stage a recovery back to normal.
Knowing that the advantage of Google’s customer demographics is that it will act as a tailwind when and if inflation comes around since bigger corporations can easily diversify their costs through exposure to international markets and operations.Now, what about a recession? Wouldn’t that be bad for everyone? Well, not for Google, especially when investors follow the same thesis and theme that helps the business throughout an inflation theme.
Then investors can check the Wall Street ratings for more guidance, particularly from those at Pivotal Research, whose analysts have recently reiterated their Buy ratings on Google stock and, this time, placed a $225 price target on the name as well.
Alphabet Inc Class A Alphabet Inc Class C
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