A Gem with Attractive PE Ratio Among the Magnificent Seven Stocks

As of 19 July 2024, Google's parent company, Alphabet Inc. (GOOGL),$Alphabet(GOOG)$  has been exhibiting an attractive price-to-earnings (PE) ratio compared to its peers in the Magnificent Seven stocks. With a current PE ratio of approximately 22.4, Google stands out as a hidden gem for investors seeking value in the tech giants.

In comparison, the PE ratios of the other Magnificent Seven stocks are:

- Apple (AAPL): 32.1

- Microsoft (MSFT): 31.4

- Amazon (AMZN): 58.3

- Facebook (FB): 53.4

- Netflix (NFLX): 114.9

- Tesla (TSLA): 123.4

Google's relatively low PE ratio presents an opportunity for investors to capitalize on the company's strong financial performance and growth prospects. In the second quarter of 2024, Google reported impressive earnings, with revenue growth of 22% year-over-year and net income of $16.4 billion.

The company's diversified revenue streams, including advertising, cloud computing, and hardware, have contributed to its success. Additionally, Google's commitment to innovation and research has positioned it for future growth in emerging technologies like artificial intelligence and quantum computing.

I feel as the tech landscape continues to evolve, Google's attractive valuations and growth prospects make it an attractive investment opportunity among the Magnificent Seven stocks. Investors seeking long-term growth should consider adding Google to their portfolios, as its attractive PE ratio and strong financials make it a compelling choice. I would think$Alphabet(GOOG)$  would beat the market expectations in earnings and I would expect the share price to cross $200 in no time.

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