Alphabet stock forecast shows potential upside in Q3 2024 as

Alphabet stock forecast shows potential upside in Q3 2024 as analysts revise EPS estimates to $1.89, supported by strong Google Cloud revenue growth and YouTube ad monetization recovery in the tech-heavy Nasdaq market. Importantly, Meta is already the dominant player in the smart glasses market, and its lead is widening. Ray-Ban Meta Smart Glasses accounted for 73% of smart glasses shipments in the first half of 2025, up from 66% in the second half of 2024, according to Counterpoint Research. Investors have good reason to think that trend will continue. The price-to-earnings (PE) ratio is a popular way to value profitable companies like Alphabet because it shows how much investors are willing to pay for each dollar of earnings. It is especially relevant for firms with consistent profitability, making it the go-to yardstick for comparing tech giants and mature growth companies. Alphabet stock forecast sentiment strengthened after upgrades from major Wall Street firms, with consensus price targets converging around $170 despite soft tech market breadth.