1 Tech Stock to Buy for 2024, and 1 to Avoid Like the Plague
Last year, tech stocks largely rebounded after the challenges of 2022, as evidenced by the fact that the tech-heavy Nasdaq Composite outperformed the two other major U.S. stock market indexes. Naturally, many tech stocks performed in line -- or even better -- than the Nasdaq, but others weren't so lucky.
Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) was one of those that did well, while the online learning specialist Chegg (NYSE: CHGG) wasn't so fortunate in 2023. Investors should expect more of the same for these companies this year, which is why Alphabet looks like a solid buy and Chegg is best left alone.
Source Fool.com
Alphabet Inc. A Stock
€156.64
1.700%
The stock is an absolute favorite of our community with 92 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 13.64% compared to the current price of 156.64 € for Alphabet Inc. A.
