Reported 1 day ago
Evercore ISI has raised its price target for Alphabet Inc. (NASDAQ: GOOGL) from $240 to $300 while maintaining an Outperform rating. This adjustment follows a survey indicating Google's continued dominance in commercial-intent search, despite increasing competition. Evercore anticipates that advancements in generative AI will enhance Google Search and lead to robust revenue growth. The firm's prospects for growth include increased YouTube revenue, stabilization of Google Cloud, and developments in Waymo's robotaxi service.
Source: YAHOO