Reported 1 day ago
Analyst Deepak Mathivanan from Cantor Fitzgerald maintains a 'Neutral' rating on Alphabet Inc. (GOOGL), setting a price target of $171, as the company's stock has recently outperformed the Nasdaq. Following the I/O conference, which unveiled significant developments like the launch of AI Mode for U.S. search users and new subscription tiers, the sentiment around Alphabet's shares appears increasingly positive. Despite some products taking time to adopt, the firm senses a heightened urgency at GOOGL to enhance its AI capabilities, positioning it favorably in the competitive landscape.
Source: YAHOO