The US stock market has been increasingly inconsistent throughout the first three months of the year. However, declining share prices could provide a clear entry point and opportunity to buy the dip. Among the biggest droppers, Alphabet (GOOGL) has emerged as the top undervalued stock according to analysts.

The Google parent company has emerged as a major player in the tech space. With both AI and cloud computing dominating demand, the company is well-positioned to thrive in both sectors. Moreover, it could be the best buy of the Magnificent Seven for the month of April.

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Is Alphabet Proving to Be the Best Value Stock Buy in April? Here’s What Experts Are Saying

Throughout the year so far, Wall Street has struggled to find any kind of consistency. Yet, the biggest affected of the recent sell-off has been the market’s mega-cap stocks. Some of the largest firms in the world are struggling to fend off the recent skid derived from increased geopolitical uncertainty and economic frailty.

However, this could prove to be a blessing in disguise for investors. The drop has made a host of top buy options even more accessible amid the market drought. Indeed, Alphabet (GOOGL) has been viewed as one of the most undervalued stocks on the market, presenting a clear buying opportunity.

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According to a recent report, Morningstar analysts have listed the Google and YouTube parent company as a great buy option in April. “Alphabet has dropped 19.84% over the past three months and climbed 2.75% over the past year,” the analysts said. “The stock is trading at a 35% discount to its fair value estimate of $237 per share.”

The entry point is also even more attractive when investors factor in the bullish sentiment surrounding the firm. According to CNN data, Alphabet has a buy rating from 81% of 70 surveyed analysts. Moreover, its median price target sits at $220, up 39% from its current position. However, it also boasts a 58% upside, with its high-end price projection sitting at $250.