Charting Alphabet’s Upside


  • Its Q1 earnings in 2024 saw a significant 15% year-over-year increase, with Google Cloud revenues up by 28%.
  • On average, GOOG may reach $205 by the end of 2024, with an optimistic target of $255.
  • Alphabet’s strong growth across segments, including Google Services, Google Cloud, and YouTube, drives robust revenue and operating income.
  • The deployment of its advanced AI model, Gemini, and other AI-driven enhancements are pivotal in maintaining its market leadership and addressing competitive threats.
Search Engine Concept Background. A Look into the Future of AI search. Digital loupe icon processing search requests. Modern WEB3 colours. CGI 3D render


Investment Thesis

Since our previous bullish coverage on Alphabet (NASDAQ:GOOG)(NEOE:GOOG:CA) (NASDAQ:GOOGL), the stock has increased by 11%, reflecting robust investor confidence bolstered by solid earnings performances. Alphabet continues to dominate in search and advertising, with AI innovations

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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