Here's How Much You Would Have Made Owning Alphabet Stock In The Last 10 Years
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Alphabet (NASDAQ:GOOGL) has delivered an average annual return of 16.49%, outperforming the market by 6.04% annually. With a current market capitalization of $1.74 trillion, a $1000 investment in GOOGL a decade ago would be worth $4,631.19 today. This showcases the significant impact of compounded returns on investment growth over time.
February 19, 2024 | 2:01 pm
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Alphabet (GOOGL) has shown a remarkable performance over the last decade with an average annual return of 16.49%, significantly outperforming the market. A $1000 investment in GOOGL 10 years ago would now be worth $4,631.19.
The article highlights Alphabet's strong performance over the past decade, which is likely to positively influence investor sentiment and potentially increase demand for GOOGL shares in the short term. The significant outperformance compared to the market and the impressive growth of an initial investment underline the company's strong financial health and growth prospects.
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