Alphabet Is Now A Steal (Technical Analysis)

  • Alphabet Inc. is upgraded to a strong buy due to a new uptrend, bullish technical indicators, and strong Q1 earnings, especially in Google Cloud. Alphabet's stock shows significant undervaluation with P/S and P/E ratios contracting, despite robust revenue and EPS growth, indicating a disconnect with the financials. Risks include potential economic headwinds affecting ad revenue and antitrust issues, possibly leading to the sale of the Chrome business.