1 Wall Street Analyst Thinks Alphabet Stock Is Going to $200. Is It a Buy?
(NASDAQ: GOOG) (NASDAQ: GOOGL) has been on a tear lately as far as its stock is concerned. That's because it has many factors going for it, including good fundamentals, investor hunger for tech companies involved in artificial intelligence (AI), and the declaration of its first-ever dividend.
The company's share price has been hitting new highs lately. It could soar even higher, according to one analyst who raised his price target on the company's C class non-voting stock (the one bearing the GOOG ticker symbol) at the end of April. Is that view realistic, though?
That raise came from DZ Bank's Ingo Wermann, who now feels Alphabet's C shares are worth $200 apiece, comfortably up from the $175 at which he previously pegged them. He maintained his buy recommendation on the tech giant.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
On the other hand, the target price of 161 € is below the current price of 163.1 € for Alphabet Inc. C, so the potential is actually -1.29%.
