Positive.
From Nasdaq: 2024-12-16 15:44:00
Alphabet Inc. (GOOGL) is a Zacks Rank #3 (Hold) stock with dominance in search engines and innovative technology. Despite being a mediocre performer due to its massive market cap, Google is expanding into new growth areas beyond search and video.
Google’s future catalysts include Waymo’s success in the rideshare market, the groundbreaking Willow quantum computing chip, and advancements in Gemini Generative AI. Additionally, Google Cloud and Google Nest are driving revenue growth in cloud computing and smart home products.
Technical analysis shows Google’s stock breaking out of a long base structure, with potential to reach $250 in 2025. As one of the most dominant and innovative tech companies, Google’s inroads into new industries should excite investors for the future.
Experts have identified 7 elite stocks, including Google, as Zacks Rank #1 Strong Buys with potential for early price pops. The full list has historically outperformed the market, making these hand-picked stocks worth immediate attention for investors looking for growth opportunities.
Read more at Nasdaq: Google’s Generational Breakout (5 New Catalysts)