Can Alphabet Stock Hit $200 in 2024?
(NASDAQ: GOOGL) (NASDAQ: GOOG) shares crushed it last year. The tech giant saw its stock climb 58%, as the "Magnificent Seven" businesses all rewarded shareholders with monster gains.
As the calendar has turned to 2024, bullish investors have their sights set on a new target price. Can this FAANG stock hit the $200 mark this year, which translates to 40% upside from today's levels? Let's take a closer look.
In the second half of 2022 and into the beginning of 2023, Alphabet saw its revenue growth start to slow due to macro headwinds. This was felt among other digital advertising companies as well.
Source Fool.com
Alphabet Inc. A Stock
€291.75
-1.350%
The stock is one of the favorites of our community with 166 Buy predictions and 2 Sell predictions.
As a result the target price of 333 € shows a slightly positive potential of 14.14% compared to the current price of 291.75 € for Alphabet Inc. A.
