Google's Potential Path To $500
GOOGAlphabet(GOOG) Seeking Alpha·2024-09-12 22:32
Boy Wirat I discussed Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL), aka “Google,” in a previous article. Google has had a rough time since peaking at around $193 in early July. Since then, Google's stock has cratered by 23% as the market goes through an increased volatility phase. Moreover, Google faces transitory company-specific issues. Yet, Google's temporary problems will likely be resolved. Meanwhile, Google's stock has become exceptionally cheap, trading below a 20 P/E ratio (2024 EPS forecasts). Fur ...