Shares of Best Idea Alphabet Remain Incredibly Undervalued
publication date: Aug 3, 2022
Image Shown: Alphabet Inc Class C shares are trading at bargain basement levels, in our view.
Alphabet Inc reported second quarter 2022 earnings that missed consensus top- and bottom-line estimates. However, investors were clearly expecting the tech giant to perform much worse as shares of GOOG leapt higher following the report. We continue to like Alphabet Class C shares (ticker: GOOG) as a top-weighted idea in the Best Ideas Newsletter portfolio. Our fair value estimate (adjusted for Alphabet’s recent 20:1 stock split) sits near $157 per share of GOOG, well above where shares are trading at as of this writing.
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