Alphabet continues to hold steady while other tech stocks are volatile.

Alphabet Continues to hold strong while other tech companies, such as Tesla & Apple continue to trade in a volatile pattern. Looking at the chart Alphabet stock is supported by a rising trendline at $133 with a further break below here targetting the $130 region. A further decline from here would then target $120. Towards the upside, Alphabet is making a slow grind back towards its all-time highs at the $150-$152 region. Taking a look at the stock itself, it currently has a P/E of 28, which is about average over the last 10 years suggesting somewhat fair value right now with improvements to grow. Tipranks currently have 37 Wall Street analysts pricing in an average stock price of $150.67 within the next 12 months and a higher upside target of $200. Alhpabet will be at the forefront of the AI growth providing good opportunities to have exposure to this market.