Should You Buy Alphabet Stock Before July 22? Wall Street Has a Clear Answer.
Most Wall Street analysts believe Alphabet stock is undervalued.
Overview
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) will announce its second-quarter financial results after the market closes on Wednesday, July 22. The stock is up 87% in the past year, but it's also down 14% from the record high it reached in May.
Should investors buy a few shares ahead of the earnings report? Most Wall Street analysts say the answer is "yes." Alphabet has a median target price of $440 per share, which implies 27% upside from the current share price of $346. However, investors should first acquaint themselves with the company.
Details
Read on to learn more.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.