Up More Than 70% in 12 Months, Is It Too Late to Buy Alphabet Stock?

Alphabet's accelerating growth has pushed its valuation higher.While shares of Alphabet (GOOG +0.67%)(GOOGL +0.68%) have underperformed the S&P 500 so far in 2026, investors should remember that the stock is up more than 70% over the last 12 months. So, a modest lag as the S&P 500 gains 1% year to date seems reasonable.The bigger question is whether, with such a monstrous gain in the rearview mirror, it's too late to buy the stock. Investors buying the stock today have to pay a substantially higher valuatio ...