Yes, Looking at the current market, choosing a better option, for now, PHP is best. it is so simple and easy to use, which makes it's future bright as working on another language is more complex than PHP.
PHP Came in lame light after overtaking many powerful languages in web development, it justifies that PHP is going to be in the market for
Regular updates in PHP to maintain future existence: Day by day modification for using PHP is being done by developing new technologies, new frameworks, which are coming in existence to support PHP coding.
Object-oriented based frameworks like Zend in a market that is working as a booster for PHP web application development.
Many professionals from top-level companies prefer using PHP for web application development.
PHP is also a low-cost web development and effective tool for fresher to start with it.