From Nasdaq: 2024-04-30 09:30:09

Wall Street analysts recommend buying Alphabet (GOOGL) with an average brokerage recommendation of 1.34. However, relying solely on these recommendations may not be wise, as analyst biases could lead to misleading ratings. Utilizing the Zacks Rank, a reliable stock rating tool based on earnings estimate revisions, may lead to more profitable investment decisions. With an externally audited track record, the Zacks Rank has a strong correlation with stock price movements. The Zacks Rank grades stocks from #1 (Strong Buy) to #5 (Strong Sell) based on earnings estimate revisions, offering a more balanced and timely indicator compared to brokerage recommendations. Despite the Buy-equivalent ABR for Alphabet, investors should consider other factors such as the Zacks Rank when making investment decisions. Zacks experts suggest that an American AI company could potentially double or quadruple in the near future, based on its prospects and client base. They recommend this stock as having the most explosive upside among their picks.



Read more at Nasdaq: Is It Worth Investing in Alphabet (GOOGL) Based on Wall Street’s Bullish Views?