From Nasdaq:

In 2024, the “Magnificent 7” group of stocks from last year have shown mixed performances. While Nvidia has continued to rally, Tesla and Apple have seen declines. Alphabet stock has underperformed, but some believe it is undervalued compared to others in the group. www.barchart.com

Some investors believe Alphabet and Meta Platforms are undervalued, while others like Warren Buffet are cautious. Analysts rate Alphabet stock as a “Strong Buy” with a mean target price of $160.69, 11.3% above recent closing prices. Wall Street also views GOOG as being undervalued compared to other Magnificent 7 stocks. www.barchart.com

Valuation guru Ashwath Damodaran believes Tesla is the cheapest Magnificent 7 stock, while Ray Dalio thinks it’s somewhat expensive. Meanwhile, analysts rate Meta Platforms, Microsoft, Nvidia, and Amazon higher than Alphabet, with Tesla having the highest potential upside from analysts’ mean target price. GOOG’s valuation multiples are the lowest among the group but faces challenges in the digital ad space. www.barchart.com

Despite challenges, Alphabet stock looks attractive for investors after recent underperformance. Analysts expect strong revenue and profit growth for the company in the coming years, making it a good buy opportunity. With concerns priced in, the risk-reward ratio for Alphabet stock is favorable at current prices. www.barchart.com



Read more at Nasdaq: Alphabet vs. Tesla: Which is the Best Magnificent 7 Stock to Buy Now?