From Nasdaq: 2024-04-27 11:26:00

Bill Ackman’s hedge fund holds only seven stocks, including Alphabet. Analysts raised price target to $185, 17% above current levels. Alphabet’s main revenue comes from advertising, facing competition from Meta and TikTok. However, profitability remains strong, bolstered by AI and services business growth. Alphabet’s P/E ratio is low compared to its peers, making it a potentially lucrative investment opportunity. Board members of Alphabet include executives from Facebook and Meta Platforms. Stock Advisor analysts believe there are better investment options than Alphabet currently.



Read more at Nasdaq: A Once-in-a-Generation Investment Opportunity: 1 Bill Ackman Artificial Intelligence (AI) Stock to Buy Hand Over Fist Before It Surges 17%, According to 1 Wall Street Analyst