Alphabet's stock surges in 2022 due to strong performance in Google services segment.

From Nasdaq: 2024-06-17 11:44:00

Alphabet’s stock has surged 26.7% in 2022, outperforming the Computer & Technology sector. Google Chrome on Android now features a text-to-speech function, enhancing user experience. Microsoft’s Edge browser offers a modern experience, while Apple is upgrading Safari. These efforts aim to dominate the global search engine market.

Google continues to enhance services like Google Phone, YouTube, and Google Wallet. A partnership with Peloton boosts YouTube TV subscriptions. Analysts predict a 15.2% revenue growth for Alphabet in 2024. With a Zacks Rank #1 and attractive valuations, Alphabet remains a top stock pick for investors.

Bitcoin has historically outperformed other assets during presidential election years. Returns were significant in 2012, 2016, and 2020, with another surge predicted by Zacks. Investors can access a free special report on Bitcoin’s potential growth. Stay updated with Zacks Investment Research for the latest recommendations and stock analysis.



Read more at Nasdaq: Alphabet (GOOGL) Rides on Strength in Google Services Segment