After the previous World Cup, everyone thought that France would be at least among the winners of the next Euro, but in the end they lost right away in the 1/8 finals. Such short tournaments are always random, but the fact is that we are now in an era of French dominance and they will be the biggest favorites to win the European Championship.
I am not sure whether the French will be the favorites to win Euro 2024. I could see a lot of vulnerabilities in their performance during Qatar 2022. IMO, Spain and England are far better teams, although they couldn't perform well during the last world cup. Regarding France, I always had this opinion that their players are overrated. Kylian Mbappé, Paul Pogba and Karim Benzema are good players and maybe some of the best in the world. But they don't know how to play as a team and the team cohesion is lacking in the French team whenever they play.
The guys who almost won the World Cup just a few months ago and lost because of the penalty shootout, have some vulnerabilities? I mean sure they might, but I am sure that it must be less than any other team if you ask me, they are still by far the best team in Europe, which they proved just a few months ago and not too long ago, and in 1.5 years time, they won't be having too much changes neither.
They won't even need Benzema in this case, because they would have Mbappe playing striker and that is more than enough for them. They have so many amazingly talented players and that is good enough for them in the long run, can't see any better team right now.