Where Will Alphabet Stock Be in 3 Years?

Share prices of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have outperformed the Nasdaq-100 Technology Sector index over the past three years, delivering gains of 51% as compared to the 26% gains clocked by the index. However, investors might expect more from the search engine leader thanks to the emergence of new catalysts.Let's take a closer look at what's likely to supercharge Alphabet's growth over the next three years and see if it can help the stock deliver stronger gains.Alphabet finished 2023 with revenue of $307.4 billion, an increase of just 10% from the previous year. Revenue had a compound annual growth rate of 19% between 2020 (when it reported $182.5 billion) and 2023. Its growth dipped last year because of a slowdown in the digital advertising market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel