© Reuters. There’s More to Alphabet than Google Search
By and large, investors know Alphabet Inc. (NASDAQ:) as the parent company of the search engine that everybody and their uncle uses: Google. I am definitely bullish on GOOGL stock.
Amazingly, the Google search portal is so famous that in the popular lexicon, “Google” is both a noun and a verb.
It’s perfectly fine to invest in GOOGL stock because so many people use the company’s search engine. However, stock traders might also choose to look at other angles when considering an investment. (See GOOGL stock charts on TipRanks)
As we’ll see, the stock could actually be considered a bargain. Moreover, Google’s products give customers what they want: the latest in cutting-edge communications technology.
A Quick Look at GOOGL Stock
At first glance, it might seem ridiculous to say that GOOGL stock is cheap. After all, this is a stock that costs nearly $3,000 per share.
Moreover, GOOGL stock reached a new 52-week high of $2,817.49 on Monday. It has steadily gone up over the past year, with hardly any breaks or corrections.
That should be fine for momentum-focused traders, but value-oriented investors might think that GOOGL stock is too expensive to buy now.
Yet, let’s consider a different angle. If the company’s earnings are robust, then the high price tag of the stock might be fully justified.
As it turns out, Alphabet’s trailing 12-month price-to-earnings ratio is 30.5. That’s not too bad, especially for a technology…