Can Alphabet Stock Hit $200 in 2024?
(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.
Source Fool.com
Alphabet Inc. A Stock
€144.32
-2.060%
With 96 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 180 € there is a positive potential of 24.72% for Alphabet Inc. A compared to the current price of 144.32 €.
