Where Will Alphabet Stock Be in 1 Year?
(NASDAQ: GOOG) (NASDAQ: GOOGL) posted its second-quarter earnings on July 23. The tech giant's revenue rose 14% year over year to $84.74 billion, beating analysts' estimates by $450 million, while its earnings per share (EPS) grew 31% to $1.89 and cleared the consensus forecast by $0.04.
Those numbers were solid, but some concerns about YouTube's slowing ad sales and OpenAI's new search engine weighed down its stock. Alphabet's stock has still risen nearly 30% over the past 12 months, but can it overcome its near-term challenges and head higher over the next year?
Image source: Getty Images.
Source Fool.com
Alphabet Inc. C Stock
€159.96
0.670%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 6.28% for Alphabet Inc. C compared to the current price of 159.96 €.
