The best Google stock symbol to use, either the ticker GOOGL or GOOG, depends on how and why you plan to invest in Alphabet stock. Let’s quickly delve into why Google has two stock tickers and ...
Alphabet stock (NASDAQ: GOOG) has been in the news lately, with the Department of Justice suggesting the sale of Google Chrome, and sharing data with rivals, among other measures to end its monopoly.
GOOG stock trades at 22x forward earnings, versus 42x for AMZN. We think this gap in valuation will narrow in favor of Google in the coming years, given its superior revenue growth and profitability.
From a valuation perspective, we think its stock price appears to be fairly priced. We estimate Google’s valuation to be $182 per share, broadly aligning with its current levels of $178.