Billionaire hedge fund managers show interest in monster tech stock poised for growth in 2025
From Nasdaq: 2025-01-05 04:35:00
Prominent billionaire hedge fund managers, including Bill Ackman and Chase Coleman, collectively worth $25 billion, can offer insight into potential buying opportunities for average investors. These managers also share a strong interest in a monster tech stock poised for growth in 2025.
Alphabet’s shares plummeted 39% in 2022 due to a challenging digital-advertising market, but the company has rebounded impressively, with a 115% increase since 2023. Revenue growth, AI integration, and cost-cutting measures have bolstered Alphabet’s performance, making it a favorable long-term investment for hedge fund managers and individual investors.
Despite a 44% increase in Alphabet’s price-to-earnings ratio since 2023, the stock remains attractive for investors with a P/E ratio of 25.2, on par with the S&P 500. Analysts project double-digit revenue and earnings growth for Alphabet between 2024 and 2026, driven by secular trends and innovative technologies like autonomous driving through the Waymo division.
Investors considering Alphabet should note that the stock wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team. However, history shows that following their recommendations, like Nvidia in 2005, can lead to significant returns. Alphabet’s potential for continued growth and market relevance make it a compelling investment opportunity.
Read more at Nasdaq: Billionaires Love This Tech Stock, but Will It Continue Its Reign in 2025?