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Even After Soaring 63%, This Big Tech Stock Is Still a No-Brainer Buy Today

January 14, 2024
in News
Even After Soaring 63%, This Big Tech Stock Is Still a No-Brainer Buy Today
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Big tech stocks went crazy in 2023 and a lot of shares are looking very expensive. But Alphabet (NASDAQ: GOOG) is still looking like a good value for long-term investors, even after jumping 63% over the past year.

In this video, Travis Hoium covers Alphabet’s trends and where investors can expect to see a lot of growth in the future.

*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 13, 2024.

Should you invest $1,000 in Alphabet right now?

Before you buy stock in Alphabet, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of January 8, 2024

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Travis Hoium has positions in Alphabet, Apple, and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, Nvidia, and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Nasdaq – https://www.nasdaq.com/articles/even-after-soaring-63-this-big-tech-stock-is-still-a-no-brainer-buy-today

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