Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been a top stock to own over the past year.
Despite its size, it’s up an incredible 107%
After a fantastic one-year gain like that, investors should take a step back and see if those gains were warranted or if the stock is getting a bit too pricey. With the stock about 10% down from its all-time high, it has given up some of those gains, but it’s still within striking distance of a new all-time high with a solid week or two of gains. So, is Alphabet stock a buy right now?
Alphabet is firing on all cylinders When you look at how Alphabet is doing as a business, it’s hard not to like. Its legacy Google Search business is doing fantastic, with revenue rising 19% year over year in the first quarter. The continued success of this business unit is vital for Alphabet’s future, as it generates a ton of cash that can be invested in other areas, like artificial intelligence (AI).