Why Alphabet Stock Is Gaining Today
(NASDAQ: GOOGL)(NASDAQ: GOOG) stock is rising Friday. The tech giant's share price was up 2.4% as of 3 p.m. ET amid a 1.5% gain for the S 500 and a 1.7% a gain for the Nasdaq Composite. The stock had been up as much as 3.1% earlier in the daily session.
The stock market has seen a historically volatile stretch of trading this week, but it appears to be poised to end the stretch on something of a high note. After substantial sell-offs yesterday, Alphabet stock is regaining some ground -- but it's still down roughly 17% across 2025's trading.
The Information reported today that Alphabet recently laid off hundreds of workers at its platforms and devices segment. While layoffs can sometimes be an indication that a business is struggling overall, that's probably not the case here. Instead, investors seem to be moderately positive on the news because it signals that Alphabet is taking a fiscally disciplined approach amid an uncertain macroeconomic outlook.
Source Fool.com
Alphabet Inc. C Stock
The stock is one of the favorites of our community with 43 Buy predictions and 4 Sell predictions.
With a target price of 190 € there is a slightly positive potential of 16.94% for Alphabet Inc. C compared to the current price of 162.48 €.
