Alphabet's stock currently trades at $169.30 after a 2.34% increase, despite concerns over competition from Apple and Microsoft in the AI-driven search space. Analysts assert the stock is undervalued with a forward P/E of 17.2, well below its historical average of 28, leading to an average price target of $202.77 among 15 analysts. Significant stakes have been added by major funds, indicating growing confidence in Alphabet's recovery and growth potential in the market.
Shares of Alphabet have risen approximately 2.34%, priced at $169.30 while facing competition from Apple and Microsoft enhancing their AI search capabilities.
Analysts view Alphabetâs current P/E ratio of 17.2 as undervalued compared to its historical average of 28, suggesting significant upside potential.
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