3 Reasons to Buy Alphabet Stock in 2024
Shares in (NASDAQ: GOOGL) (NASDAQ: GOOG) are up 58% year over year, rallying Wall Street with an expansion in artificial intelligence (AI) and significant ad-revenue growth.
As the home of potent brands like Google, Android, Chrome, and YouTube, Alphabet has become a tech behemoth. Its various services attract billions of users, enabling the company to build a lucrative digital-advertising business. Meanwhile, its massive user base will likely prove a major asset in succeeding in AI.
The company is on a promising growth trajectory and has some exciting developments in the new year. So, here are three reasons to buy Alphabet stock in 2024.
Source Fool.com
Alphabet Inc. A Stock
€167.30
2.410%
The stock is an absolute favorite of our community with 84 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 6.4% compared to the current price of 167.3 € for Alphabet Inc. A.
