(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.

Continue reading

Source Fool.com