Is Now the Right Time to Buy Alphabet Stock? – The Motley Fool

Along with a booming advertising business, the company has big plans for YouTube.

Alphabet (GOOGL -5.41%) delivered less-than-ideal second-quarter earnings results at the end of July, with multiple segments just missing analyst projections. Although the company’s stock persevered and soared in the first two weeks of August, prices have recently dipped.

Here’s why now could be the best time to invest in Alphabet stock.

Peaks and valleys

Similar to its recent stock fluctuations, Alphabet’s second-quarter report offered some highs and lows. Several of the company’s segments underperformed, with revenue coming in at $69.69 billion versus the expected $69.9 billion. YouTube advertising brought in $7.34 billion when analysts projected $7.52 billion, while Google Cloud revenue earned $6.28 billion against the expected $6.41 billion. Moreover, revenue growth slowed to 13% vs 62% in the prior year as pandemic restrictions eased and consumer spending increased.

On a more positive note, one of…

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