Alphabet (GOOGL), the parent company behind Google and its various other ventures, is currently the third highest-valued company globally. With a market of just under $2 trillion, it ranks only behind Apple (AAPL) and Microsoft (MSFT). Alphabet's shares have doubled over the past year, reaching new highs by the week. Despite the stock's prolonged rally, I view the valuation as quite reasonable, considering the company's growth and profitability prospects. Due to the combination of as its wide moat, fantastic financials, and growing capital returns, Alphabet has likely more upside from its current levels. Hence, I am bullish on the stock.
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Alphabet (NASDAQ:GOOGL)
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Alphabet (NASDAQ:GOOGL)
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