Prediction: Alphabet Could Reach This Valuation by 2028
(NASDAQ: GOOG) (NASDAQ: GOOGL) is part of the exclusive group of companies worth more than $1 trillion -- but there's only one member that has ever reached a $5 trillion market cap: Nvidia. However, in my view, there's a good chance that Alphabet will also be able to claim this achievement by the end of 2028.
Image source: Getty Images.
Alphabet's current market cap is $3.8 trillion. So, the $5 trillion milestone doesn't seem out of reach at all. The stock would need to achieve a compound annual growth rate of about 9.6% through December 2028 to pull that off. That's in the neighborhood of the average returns for the broader U.S. equities market over the long run -- and Alphabet is no average company. True, we're talking about a three-year period, and a lot can happen in that time that would sink its stock price. However, there is yet another reason I believe Alphabet could get to $5 trillion.
Source Fool.com
Alphabet Inc. A Stock
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 333 € there is a slightly positive potential of 11.3% for Alphabet Inc. A compared to the current price of 299.2 €.
