Where Will Alphabet Stock Be in 5 Years?
Technology stocks are off to a strong start in 2024, with the Nasdaq-100 Technology Sector index clocking 9.8% gains as of this writing. The same cannot be said about (NASDAQ: GOOG) (NASDAQ: GOOGL), as shares of the technology giant are flat so far in 2024.
Alphabet delivered solid results at the beginning of the year, but its ad revenue wasn't up to the market's expectations. Additionally, concerns were raised by investors about Alphabet's ability to compete in the generative artificial intelligence (AI) market after its chatbot Gemini ran into controversy.
Can the company turn around negative investor perceptions and deliver solid returns to investors over the next five years? Let's find out.
Source Fool.com
Alphabet Inc. A Stock
€157.64
0.510%
The stock is an absolute favorite of our community with 79 Buy predictions and no Sell predictions.
As a result the target price of 162 € shows a slightly positive potential of 2.77% compared to the current price of 157.64 € for Alphabet Inc. A.
