Reported 1 day ago
TD Cowen has increased its price target for Alphabet Inc. (GOOGL) to $270 from $240, maintaining a Buy rating, following positive findings from its recent GenAI Public Cloud Survey. The survey indicates that Google Cloud Platform (GCP) is a strong contender in cloud services but still trails behind Amazon Web Services (AWS) and Microsoft Azure. Additionally, Google's Gemini ranks as the second most popular generative AI model provider, reflecting a growing acceptance of diverse LLM offerings in the market.
Source: YAHOO