Alphabet Stock Price Outlook: Earnings, YouTube Ads, and AI Growth for Google in 2024

The article discusses the growth prospects for Alphabet (Google’s parent company) and its stock price outlook. Key points include: 1) Analysts expect Alphabet’s earnings to grow by 16% in 2024, driven by continued strength in Google’s search advertising and YouTube ad revenue. 2) YouTube is projected to generate $29 billion in ad revenue in 2024, up from an estimated $24 billion in 2023. 3) Alphabet’s investments in artificial intelligence (AI) and machine learning are expected to fuel long-term growth, with AI being integrated into various products and services like Google Search, Google Cloud, and YouTube recommendations. 4) Risks include increased competition from Microsoft and Amazon in the cloud and AI spaces, as well as potential regulatory scrutiny over data privacy and antitrust concerns. 5) Despite the risks, analysts have a positive outlook on Alphabet’s stock, with an average price target of $125, representing a potential upside of around 20% from current levels.

Source: https://markets.businessinsider.com/news/stocks/alphabet-stock-price-outlook-earnings-youtube-ad-ai-growth-google-2024-7