1 Wall Street Analyst Thinks Alphabet Stock Is Going to $170. Is It a Buy Around $130?
One Wall Street analyst is predicting a significant upside for Alphabet stock. Analyst Neil Saunders of GlobalData Retail thinks Alphabet stock is poised to hit $170 in the next 12 months, representing a potential gain of over 30% from its current price of around $130.
Saunders believes Alphabet is well-positioned to benefit from the continued growth of e-commerce, cloud computing, and advertising. He also notes that the company has a strong balance sheet and is generating significant cash flow.
While Saunders is bullish on Alphabet, other analysts are more cautious. Some worry that the company’s valuation is too high and that it could be vulnerable to a pullback.
