Alphabet Inc. Analysts Raise Price Target as Google Cloud and AI Investments Drive 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.

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