Billionaire hedge fund manager John Paulson is betting heavily on Google’s Alphabet stock. The purchase comes after GOOGL experienced tumultuous in the charts as it dipped close to 13% year-to-date. It closed in the red for three continued trading sessions attracting bearish sentiments in the indices.

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Alphabet opened Monday’s trading bell at $167 as investors are avoiding taking an entry position in the stock. The Magnificent 7 are on a decline in March along with the broader tech sector that’s experiencing a downward trajectory. The fall is making traders worrisome as Trump’s tariffs are causing confusion in the broader markets.

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Google: Billionaire Accumulates $23.73 Million Worth of Alphabet Stock

Paulson took an entry position in Google’s parent company Alphabet and accumulated stocks worth $23.73 million, according to the latest SEC filings. His purchase got him to accumulate 126,000 shares signaling confidence in the big tech. The hedge fund manager is bullish when others are fearful and is confident Alphabet stock will rebound in price.

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When Will It Climb Above $200?

Stock market research firm Zachs has predicted that Alphabet stock has almost bottomed out in the charts. The latest and revised price prediction indicates that Google’s parent company could hit $184 next. If it holds on to the momentum, the next leg up is positioned well above the $200 price range.

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The firm predicts that the average trading price for Alphabet stock could hit $218 this year. The forecast also reads that it could reach a high of $240 by the end of 2025. That’s an uptick and return on investment (ROI) of approximately 32% from its current price of $167.

Therefore, an investment of $1,000 in Alphabet stock could turn into $1,320 if the forecast turns out to be accurate. “The average price target for Alphabet comes to $218.75. The forecasts range from a low of $184 to a high of $240,”read the prediction.

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