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24/7 Wall St.

Prediction: AI Could Transform This Magnificent 7 Stock Over the Next 3 Years

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Prediction: AI Could Transform This Magnificent 7 Stock Over the Next 3 Years
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xCruzo Brief

A new forecast argues that Google could meaningfully outperform over the next three years, targeting a potential path toward $500 by 2029. The analysis points to a strong quarter: revenue reached $119.80B (+24.2%) and Google Cloud grew 82% to $24.77B. Despite this, shares were up only 12.03% year to date at $347.86, with a 52-week high near $403.96. The report highlights financial headwinds, including capex rising 100% to $44.92B, free cash flow at -$5.86B, and long-term debt increasing to $98.2B. It cites Wall Street upside expectations and broader AI-driven drivers such as Cloud backlog.

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