
"They said that Alphabet's pieces could be worth $260 per share, more than 50% higher than Thursday's close. ... So at the stock price it was trading at, I would argue that this call has largely been correct."
The analyst reviews Barrons call on Google (Alphabet), noting its low forward P/E of 19 compared to peers and a sum-of-the-parts valuation that suggests a target around $260. The stock, trading near $250, is seen as undervalued with built-in downside protection and compelling relative valuation.
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