Compared to the S&P 500's 15% decrease, Alphabet GOOGL +4.20 percent has plummeted 26% in 2022.
The stocks has plummeted from 25 times earnings at the beginning of this year to 18.6 times. Although nothing has changed for Alphabet, the company's long-term prospects remain strong.
In comparison to 2022, sales and profits are predicted to rise by 15% and by 19% in 2023. A cash-flow machine, Google hasn't lost its stranglehold on online search and advertising.
Google's parent company, Alphabet, is estimated to earn $339 billion in free cash flow between 2023 and 2025.