one big tech stock is at an attractive price point to buy right now according to foord asset managements brian arcese thats alphabet  which arcese a portfolio manager at the firm expects to post growth in the midteens despite cyclical headwinds in the ad business though a further slowdown in advertising could weigh on the shares to the tune of 15 for longterm investors this is an attractive entry point to begin taking positions he told cnbcs street signs asia last week its a fantastic company trading at less than a market multiple in the us and so for us a reasonable period to start establishing or increasing positions that you already have in the name said arcese who revealed his firm has recently added to its position in alphabet google parent alphabet is down around 32 this year the vast majority of analysts covering the stock 92 give it a buy rating and it has an average upside of nearly 28 according to factset thats after a brutal year for tech as investors flee growth stocks in the face of rising interest rates and other headwinds tech stocks have been underperforming all year with the nasdaq down nearly 29 yeartodate they have bounced back slightly since midoctober however and analysts have been divided over whether its time for investors to return to the sector at this point were focused on companies with pricing power sound management teams … and longterm structural competitive advantages arcese added arcese explained that alphabet is in a competitive position given the continued shift from offline to online advertising so google was able to grow through the global financial crisis for example … and its not in our expectation that google ad revenue wouldnt decline it likely would but youre still in a much better position than both the competitive set in online and also the offline competitive set he said arcese isnt the only one whos been bullish on alphabet recently josh brown  cofounder and ceo of ritholtz wealth management told cnbc in early november that alphabet is a screaming buy