Alphabet Vs. Meta: Which Stock Has More Upside In 2023 … – Seeking Alpha
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An anonymous contributor who would like to share some of his ideas. My choice for the pseudonym “Junius” ha…
Summary
- Alphabet and Meta have come under pressure from slowing growth in ad spending and a stronger dollar.
- There are micro factors at play too – privacy changes, competition, expense control and diversification.
- Alphabet now trades at 18.9 times its expected 2022 earnings, while Meta is valued at just 13.2 times.
Macro Headwinds
Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) and Meta (NASDAQ:META) are two tech giants that have come under pressure from macro headwinds in 2022.
The combination of rising interest rates and a slowing economy has slowed the pace of growth in the digital ad market. This is because ad spending is highly cyclical – it is one the first things companies cut back on in times of economic distress.
Covid-19 has made things more unpredictable though, as ad spending in recent years has been lumpy – reflecting the stop-and-start pacing of the pandemic…
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source: https://news.oneseocompany.com/2022/12/17/alphabet-vs-meta-which-stock-has-more-upside-in-2023-seeking-alpha_2022121737764.html
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