Up 51% in 2023, Is Alphabet Stock a Buy for 2024?

By Parkev Tatevosian, CFA – Dec 13, 2023 at 2:56PM

NASDAQ: GOOG

Alphabet

Market Cap

$2,163B

Today's Change

(-1.65%) -$2.94

Current Price

$175.06

Price as of May 23, 2024, 4:00 p.m. ET

Alphabet is developing artificial intelligence (AI) that will help its search engine and YouTube business segments.

Fool.com contributor Parkev Tatevosian considers Alphabet's (GOOG -1.65%) (GOOGL -1.60%) prospects for 2024 and beyond to answer if long-term investors should buy the stock today.

*Stock prices used were the afternoon prices of Dec. 11, 2023. The video was published on Dec. 13, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.