Alphabet Stock Underperforms Big Tech Peers Despite Strong Fundamentals
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Alphabet (GOOGL) stock has underperformed other "Magnificent Seven" tech stocks like Meta, Amazon, etc. over the past 1 and 5 years despite strong overall returns.
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GOOGL has a lower valuation (P/E ratio) than Big Tech peers and saw over 50% net income growth last quarter.
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Revenue growth being driven by rebounding ad sales and a fast-growing, newly-profitable Google Cloud segment.
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Additional growth opportunities in AI investments and "Other Bets" businesses.
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Analysts largely bullish on the stock with 14% upside to average price target of $164.