From Nasdaq: 2024-06-13 12:15:00

Alphabet’s shares are up 25.4% this year, driven by strong performance in its Google Services segment. Google is introducing new features for Pixel devices and expanding offerings to compete with Apple. Apple, on the other hand, is launching new products like Apple Intelligence to boost its iPhone series and Apple Watch offerings.

Alphabet is focusing on its Google Services segment, introducing new features, and partnering with Peloton to expand its YouTube business. These efforts are expected to drive performance in the upcoming period. Analysts project a 15.2% increase in total revenues and a 31.03% rise in earnings for 2024.

Alphabet’s strong Google Services segment, cloud division, and integration of generative AI capabilities make it an attractive stock for investors. With a forward P/E of 22.07X and a Zacks Rank #1, Alphabet offers a good investment opportunity. Zacks is releasing a special report on stocks to consider before the 2024 Presidential Election, highlighting timely opportunities across various sectors.



Read more at Nasdaq: Alphabet’s (GOOGL) Pixel Efforts Boost Google Services Segment