Is Alphabet Stock a Buy for 2024?
Many tech stocks went up during 2023 thanks to the rise of artificial intelligence (AI). Among them was Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which uses AI across a number of products, including its ubiquitous Google search engine.
Alphabet's fortunes switched from its stock hitting a 52-week low of $84.86 last January, to a 52-week high of $142.68 by the day after Christmas. So what's in store for 2024?
Well, the new year is already shaping up to be an interesting one for the company. Alphabet faces some potentially major upheavals in 2024, and these factors can affect the decision to invest in Alphabet. So it's prudent to review these events to determine if Alphabet is a stock to buy in the new year.
Source Fool.com
Alphabet Inc. A Stock
€299.05
0.420%
The stock is one of the favorites of our community with 165 Buy predictions and 2 Sell predictions.
As a result the target price of 333 € shows a slightly positive potential of 11.35% compared to the current price of 299.05 € for Alphabet Inc. A.
