Quick Read – Buffett’s $37 billion Alphabet (GOOG) stake validates our BUY rating and $437 price target, implying 28% upside with 90% confidence. – Alphabet (GOOG) trades at a P/E of 17, which is well below Microsoft (MSFT) at 27 and Meta (META) at 20, while growing revenue at a…
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Berkshire Hathaway’s roughly $37 billion stake in Alphabet, disclosed as a 48 million share position, has recalibrated how investors view the search giant. Warren Buffett rarely chases mega-cap tech, so his conviction here forces a fresh look at whether Alphabet (NASDAQ:GOOG) still offers meaningful upside from $344.59. Our 24/7 Wall St. price target for Alphabet is $437.39 over the next 12 months, implying 27.99% upside.
We rate GOOG a buy with high (90%) confidence. 24/7 Wall St. Price Target Summary What Alphabet’s Post-Earnings Melt-Up Tells Us GOOG has climbed 7.99% in the past month and 67.17% over the past year, though shares sit below the $404.23 52-week high. The catalyst was a landmark Q2.