Why Alphabet Stock Is Sinking Today
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Alphabet stock is down 3% amid a broader market decline following President Trump's critical remarks about Federal Reserve Chair Jerome Powell. Concerns over potential changes in Fed leadership have led to investor uncertainty. Despite this, analysts remain optimistic, with Roth Capital lowering its price target from $220 to $180 but maintaining a buy rating, suggesting a potential upside of 23%. Currently, Alphabet trades at under 16.5 times expected earnings, indicating a cheap valuation relative to its long-term potential, though volatility is expected due to macroeconomic factors.
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