Alphabet, Inc. (GOOGL) call options expiring in 2027 highlight the stock’s value. GOOGL stock rises 5% to $300.94 after Berkshire Hathaway’s large share purchase. Since Berkshire bought $4.3 billion worth, GOOGL stock has gained nearly 10%. Analysts see the stock as undervalued and suggest a price target of $408.27 per share based on strong free cash flow. Institutional investors are buying long-dated call options, expecting GOOGL stock to more than double by June 17, 2027. Buying these calls allows investors to leverage their upside potential with less capital outlay compared to buying shares directly. If GOOGL stock reaches $408, the potential return on these calls could be +173%, compared to just a 16% gain by holding shares. This strategy offers downside protection and the potential for significant returns if GOOGL stock performs well based on its strong free cash flow.

Read more at Barchart: Large, Unusual Call Options Trading in GOOGL Stock Highlights Its Value