Bill Ackman confirmed that his participation in Alphabet-A represents 13.8% of his portfolio and has several reasons that support such an investment.
Bill Ackmanmanager of Pershing Square Capital Fund And one of the most recognized investors confirmed that their participation in Alphabet-A represents 13.8% of its portfolio and has several reasons that support such an investment.
In 2023, Ackman had a considerable position of Alphabet actions in the midst of fears that emerging artificial intelligence companies could be affecting the company’s search engine. Alphabet’s actions advanced a 48% until today and its position is worth some U $ 2,000 million.
According to data provided by The Motley Foolthe reasons that support this great investment basically focus on the growth of AI. In fact, it is noted that Google Cloud is the main cloud chosen by emerging companies and its margin expanded 14% in 2024.
Even analysts explain that Alphabet quotes less than 20 times future profits. Which makes it great value and an attractive action to invest.
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Photo: Franceinfo
What are Alphabet’s projections
According to Tipranks, Alphabet It has the Review of 37 analysts divided into 27 purchases and 10 maintain. The average objective price is US $215.85 with a maximum prognosis of US $ 235 and a minimum forecast of US $ 154. The average objective price represents a change of 26.76% compared to the closing of Friday.
Michael Morris, Guggenheim analystrecommends buy With an objective price in the U $ 220. Gil Luria, Davison analystrecommends keep With an objective price in the U $ 200.
Alphabet-A closed the month of February up at US $170.29. The 200 mobile average is above the last three candles, RSI upwards in the 30 points and the MACD lines below the zero level.
The medium and long term resistance is found in US $207.02. Meanwhile, EI indicators are mostly bullish.
Source: Ambito
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