Updated Rating Indicates Alphabet is Fairly Valued for Long-Term Hold

2 months ago

Parkev Tatevosian, CFA

"However, all that being said, the price has increased by so much that I no longer think Alphabet is one of the best stocks to buy right now. Now, I own Alphabet stock myself. I have no intentions of selling my Alphabet stock anytime soon. I still think this stock is a great buy at current market prices, but I don't think it's one of the best stocks to buy. So, that's my big change, my big update in this video. I downgraded Alphabet stock to a buy. I had it rated as one of the top six stocks to buy, and today I'm lowering the ranking to just buy, and I updated that today."

The speaker provides an update on his rating for Alphabet, noting that despite strong performance and excellent execution in related segments, the significant price increase has eroded its status as a top pick. He emphasizes that while he remains a long-term holder and considers the stock a great buy at fair value, its appeal as a best stock to buy has diminished.

Related Stocks