Buy Google Stock Now for Undervaluation

about 2 months ago

Ed Elson

"I think Google is way undervalued right now. If you're thinking about buying Google, I would argue the time to buy is right now. It's gotten crushed year to date, down almost 20%. It's trading at its cheapest levels in a decade, 17 times earnings compared to the S&P, which is trading at like 25, 26."

Ed Elson explains that Google appears undervalued, trading at 17x earnings versus the S&P's 25-26x, and down almost 20% year-to-date. He argues that this presents a timely buying opportunity for investors, especially given its current price near $230 per share and its strong technological positioning.

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