Reported about 13 hours ago
Despite the rise of AI tools like ChatGPT, Wall Street remains confident in Alphabet (GOOGL), with Truist Securities analyst Youssef Squali reaffirming a Buy rating and a $200 price target. Squali predicts an 8% growth in Google Search revenue for the second quarter, highlighting Google's dominant market position, holding over 90% of internet searches. While there are concerns about competition, Squali believes AI Search is crucial for Google's future.
Source: YAHOO