AI Insights into Google Stock Price Predictions for Year-End 2024
Tuesday, 22 October 2024, 17:39
AI Forecasts for Google Stock in 2024
AI predictions suggest that Google stock may find its price between $170 and $190 by the close of 2024. This outlook hinges on various factors impacting the company's operations. Investors are attentively awaiting the forthcoming Q3 earnings report, slated for October 29, to gain further clarity on how legal challenges and AI competition will shape Alphabet's prospects.
Factors Influencing Google Stock Performance
- Legal and antitrust pressures from U.S. regulators could hinder Google's performance.
- AI competition poses a continued threat to Google's market dominance.
- Partnerships in AI, like the collaboration with Honeywell, may open new revenue streams.
- Waymo's expansion in autonomous vehicles could provide significant upside for Alphabet's valuation.
Projected Stock Price Range
Considering these dynamics, the AI predictions for Google's stock price exhibit a potential range from $170 to $190 by year-end 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.