From Nasdaq: 2024-04-30 04:45:00

Alphabet had over $110 billion in cash at the end of 2023, leading some to speculate on a dividend payout. The company announced a dividend of $0.20 per share, but it still has growth potential. In the first quarter, revenue increased 15% to $80.5 billion, driven by Google Cloud and Workspace.

Alphabet’s primary growth opportunities are in digital advertising and cloud computing. The company is expected to maintain its dominance in search and video advertising despite concerns about generative AI changing the landscape. Additionally, Google Cloud Platform (GCP) is gaining ground in the cloud market, with potential for further growth.

Wall Street projects Alphabet to grow revenue annually at 10.5% over the next five years. If Alphabet continues gaining market share in cloud computing, it could reach a market capitalization of $4 trillion by 2030. This would represent 90% upside for investors, making it a compelling long-term investment opportunity. The Motley Fool’s analyst team also selected Alphabet as one of the top 10 stocks for future growth.

Before investing in Alphabet, consider expert analysis and recommendations. The Motley Fool Stock Advisor identified 10 stocks with significant growth potential, and while Alphabet wasn’t included, it remains a solid choice for investors looking for long-term returns. The Stock Advisor service offers guidance on building a successful portfolio and provides regular updates and stock picks for investors looking to maximize their returns.



Read more at Nasdaq: Meet the Newest Dividend Stock in the Nasdaq 100. It Could Be a $4 Trillion Company by 2030, With Help From Artificial Intelligence.