One FAANG stock went from backward to leader, and two market analysts are looking even more upside down

The FAANG stock in 2020, which has the worst performance, is now leading the package.

Google parent Alphabet has increased by 20% this year. It had got approx. 30% in 2020, not a smaller holding, but lower than for the other FAANG shares – Facebook, Apple, Amazon and Netflix.

Citi raised its price target to $ 2,415 per share on Friday. Share on estimates for free cash flow. That means a 15% increase from the end of Friday.

Alphabet board Danielle Shay, director of options at Simpler Trading, says the company has a secret weapon – online video hub YouTube.

“YouTube is absolutely huge and you have a situation where with this pandemic we have seen a rush to get online. … This is just a trend that will continue in the future. I do not think we should go back to the way things were pre-pandemic, “Shay told CNBC’s”Handler Nation “on Friday.

Alphabet reported YouTube advertising increased by 46% in the 4th quarter from a year earlier and generated nearly $ 7 billion in revenue.

“Google has been a leader in this space, they really have no competition – yes, companies can try to create their own paths, but I think Google will continue to remain a leader,” Shay said.

Craig Johnson, market voice technician at Piper Sandler, also sees more growth for Alphabet stocks.

“It can go much higher from here, and when you actually look at all these FAANG stocks, I think it’s been among the most constructive names,” Johnson said during the same interview.

“Look at the long-term chart – the primary trend is higher. You are over 50 [day moving average]”You are above your 200-day moving average, the relative strength trend has broken out, so if you are looking for alpha in the big cap space, Alphabet is a name and we will continue to be a buyer of it,” Johnson said.

The alphabet has risen by 15% this month; that S&P 500 is 6% higher.

Publication: GOOGL has simpler trading.

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