Where Will Alphabet Be in 10 Years?
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, has generated a return of roughly 800% over the past 10 years for its investors -- more than doubling the NASDAQ's gain of nearly 400%.
Alphabet also remained resilient throughout the pandemic, as the growth of its cloud business offset its temporary slowdown in ad sales. It also avoided a post-lockdown slowdown as its advertising and cloud businesses grew in tandem. As a result, Alphabet's stock rallied 65% in 2021, soundly outperforming the NASDAQ, the S&P 500, and even Cathie Wood's growth-oriented ARK Innovation ETF by significant margins.
Can Alphabet continue to generate those market-beating gains over the next decade? Let's evaluate the long-term growth potential of its core businesses, as well as its nascent side businesses, to find out.
Source Fool.com
