Alphabet (GOOGL) stock has shown impressive growth, outperforming the market, making it potentially positive.

From Nasdaq: 2024-08-21 19:52:00

This week, Alphabet (GOOGL) celebrates 20 years since going public, showing impressive growth in areas like cloud computing, autonomous vehicles, and healthcare. The company has made over 200 acquisitions, with its stock rising +19% this year and over +6,000% since 2004, outperforming the S&P 500 and Nasdaq.

Alphabet has gained momentum through key acquisitions like Motorola Mobility ($12.5B), YouTube ($1.65B), and Waze ($966M). Recent buys include Looker ($2.6B) and Fitbit ($2.1B), contributing to its stock split history including a recent 20-1 split in 2022.

Projected sales for Alphabet in fiscal 2024 are up 15% and estimated to increase 11% in FY25 to $330.36 billion. Earnings are expected to grow 31% this year to $7.63 per share, with a dividend yield of 0.48%, and a Zacks Rank #3 (Hold).

Director of Research Sheraz Mian has picked a top stock expected to skyrocket +100%, targeting millennial and Gen Z audiences for potential explosive upside. With $1 billion in revenue last quarter, this company presents a strong growth opportunity post-recent pullback.



Read more at Nasdaq: Is Alphabet’s (GOOGL) Stock Still a Millionaire Maker 20 Years After its IPO?