Alphabet Should Be on Every Technology Investor's Radar Now - InvestorPlace

California-based Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is among the most famous companies in the U.S. However, it’s not unusual for people who trade GOOG stock to call the company Google because the search engine is a major revenue driver for Alphabet.

However, not everyone is convinced Google represents the future of internet search engines. As we’ll see, at least one critic is bracing for Google to be supplanted by another well-known entity on the web.

It’s interesting to consider whether Google — and therefore Alphabet — can remain dominant in the search-engine arena. At the same time, some value investors might wonder whether GOOG stock is really worth thousands of dollars per share.

These are valid questions, so we’ll explore Alphabet’s value proposition in the face of Google’s apparent competition. Right now, though, we’ll start off by considering whether GOOG stock is really as pricey as it might seem.

A Closer Look at GOOG Stock

During the peak panic phase of the Covid-19 crisis in March of 2020, GOOG stock bottomed out at around $1,000. That might sound like a very high share price, but it actually turned out to be a major bargain.

The stock ended up tripling from there, though it didn’t happen overnight. It took until November of 2021 to finally reach $3,000 — but who could complain about a 200% profit?

Heading into late February 2022, GOOG stock backed away from $3,000 and headed toward $2,500. So, is this an expensive price for the stock, or is it actually...

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.