Alphabet at $343 Is The Same Classic Tech Bargain It Always Was
· finance.yahoo.com
Alphabet is growing cloud revenue faster than almost anyone on Wall Street expected, yet its stock trades at a multiple more typical of a slow-moving industrial. Something in that equation has to give.
Quick Read
GOOGL's 11th straight EPS beat featured 82% Cloud growth and a $460 billion backlog, yet the stock trades at a forward P/E of just 17.
GOOGL trades...