Analysts raise price target for Alphabet Inc. due to Google Cloud and AI growth

From Financial Modeling Prep: 2024-10-28 16:00:01

Analysts have raised the consensus price target for Alphabet Inc. (NASDAQ: GOOGL) from $188.63 to $204, showing increased confidence in the company’s future performance. Alphabet’s Google Cloud segment is a key driver of growth, with strong advertising revenue from Google Services. Despite competition, strategic investments in AI and emerging tech are expected to fuel future growth.

Read more at Financial Modeling Prep:: Alphabet Inc. (NASDAQ: GOOGL) Shows Positive Analy…