Analyst Prediction on Google's Stocks: Aiming for $235 by Q1 2025
Analyst Prediction of Google's Stock Trajectory
Alphabet Inc. (GOOG) has shown impressive resilience in 2024, with gains around 31% despite a challenging economic and regulatory environment.
Technical Indicators Signal a Bullish Outlook
According to an analysis by TradingShot, GOOG follows a steady upward trajectory within a “Channel Up” pattern initiated after October 2022's market downturn. This trend has resulted in significant gains in each upward leg.
- GOOG recently rebounded off the 50-week moving average (1W MA50), triggering a “MACD Bullish Cross” on the weekly chart.
- Historically, each bullish leg has delivered gains of approximately 60%.
- A target price of $235 by the end of Q1 2025 seems attainable if GOOG maintains its momentum.
Further Bullish Projections from Market Experts
Jon Markman observed strong bullish momentum for Google in a recent X post, noted by its breakout above key resistance levels and good performance relative to moving averages.
Regulatory Challenges and Market Responses
Alphabet has faced intense regulatory scrutiny, highlighted by a recent federal ruling on its monopoly practices. These challenges could impact its stock performance significantly.
AI-Driven Growth and Competitive Landscape
Alphabet is poised for growth through its focus on artificial intelligence, introducing features that enhance its advertising segment, despite competitive challenges. The projected target of $235 appears plausible as the company continues to innovate.
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.