Public trading strategy
Alphabet looks cheap after doubling — analysts say there's more upside to catch
Thesis
Even after a 100% rally, Alphabet is being flagged as undervalued by analysts who see further upside based on its strong advertising revenue and cloud growth. If the broader market is hunting for reasonably priced large-cap tech stocks, Alphabet stands out because it hasn't gotten as expensive as some of its peers. This makes it a classic value play in the tech sector where you're buying a dominant business that still has room to grow into its valuation.
Strategy approach
Build a long position strategy on GOOGL using a daily timeframe. Enter when the stock's forward P/E ratio falls below 20 or when the price is within 3% of its 50-day moving average. Exit if the stock drops more than 8% below the entry price. Maximum holding period is 90 days.