Coinspeaker Alphabet (GOOGL) Stock Gained Over 8% Yesterday, It Is a Bargain Now but Until When?When it comes to Alphabet Inc (NASDAQ: GOOGL) stock, it’s hard to always win or lose. The stock has been pretty volatile in the last few weeks, especially after the global outburst of the coronavirus pandemic.The company’s stock saw significant share price movement during recent months on Nasdaq, rising to highs of $1,525 and falling to as low as $1,054. However, the question investors are asking isn’t when to enter but why. Is the Alphabet (GOOGL) current trading price of $1,183 showing the real value of the large-cap or is it currently undervalued, providing us with the opportunity to buy?Yesterday Alphabet (GOOGL) stock gained 8.28%. Today it is 3.12% up in the pre-market. Its current price is 1220.15 while the market cap is 815.10 billion.Alphabet (GOOGL) Is a Bargain Right NowIf we analyze the complete Alphabet’s outlook and value based on the most recent financial data we could see that Alphabet is pretty much a bargain.Some valuation models show that the intrinsic value for the stock hovers around $1,700, which is above what the market is valuing the company at the moment. This represents a great opportunity to buy low. It’s also interesting to track this volatility of the stock because it is possible for it to go both ways – sing deeper or rise higher. These data are based on its high beta. Beta measures how an asset (i.e. a stock, an ETF, or portfolio) moves versus a benchmark (i.e. an index). It is a historical measure of volatility and therefore a good indicator of how the stock will move related to the rest of the market.With profit expected to grow by 35% over the next couple of years, the future seems pretty good for Alphabet. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.So if you are a shareholder, and since GOOGL is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. However, if you’ve been keeping an eye on GOOGL for a while, now might be the time to enter the stock.Expected Earnings Growth Rate of 24.8%There are also some possible reasons why the stock could rise in the future. In times when every company is giving its best to help relieve the impact of the COVID-19 on the overall business, Alphabet is not an exception. Zacks Equity noticed that Alphabet Inc.’s subsidiary DeepMind AI started helping scientists understand the peculiar features of COVID-19. In January, DeepMind introduced AlphaFold that predicts the 3D structure of a protein-based on its genetic sequence and last month the system was put to test on the novel coronavirus.The company’s expected earnings growth rate for the next year is 24.8%. Alphabet carries a Zacks Rank #3 (Hold). However, there is always a dosage of cautiousness and we witnessed the stock fall recently. Let’s not forget that advertising sales contribute most of the Alphabet’s revenue and therefore make stock sensitive to the marketing industry’s health.Google Could Fall if It Lets Politicians Run COVID-19 AdsThe COVID-19 pandemic has disrupted the business environment and left companies grappling with unforeseen expenses. For example, Amazon has significantly reduced its spending on Google ads during the pandemic.Google has a policy that prevents advertisers from utilizing sensitive events, like epidemics or natural disasters, to promote their products or services. In January, the company blocked similar content.However, afterward, seeing the profit will tremendously fall, the company said it will allow clients, including politicians, to run COVID-19 ads on its platforms. The shift could boost Google’s ads sales during the crisis and lift Alphabet stock. Google contributes to most of the Alphabet’s revenue.Alphabet (GOOGL) Stock Gained Over 8% Yesterday, It Is a Bargain Now but Until When?