Jeffrey Wlodarczak, an analyst from Pivotal Research, reiterated the Buy rating on Alphabet Class C. The associated price target was raised to $400.00.
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Jeffrey Wlodarczak has given his Buy rating due to a combination of factors that highlight Alphabet’s strong position in the market. The company’s search business is a significant revenue generator, benefiting from its integration with Gemini AI, which enhances search capabilities while reducing costs. Additionally, Alphabet’s AI technology, supported by extensive research and financial resources, is expected to continue gaining market share, potentially outpacing competitors like OpenAI.
Google’s Tensor Processing Units (TPUs) provide a competitive edge in AI and cloud services, with the potential to drive significant value through sales to external parties and cost advantages over competitors. The company’s strong relationships with handset manufacturers and its exclusive deals position it well to dominate AI interfaces on mobile devices. Furthermore, Alphabet’s robust AI capabilities and TPU advantages are likely to accelerate its cloud computing market share and profitability. The company’s diverse assets, including YouTube and Waymo, along with its vast consumer base, offer additional avenues for growth and innovation.
In another report released on November 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $369.00 price target.
Based on the recent corporate insider activity of 181 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOOG in relation to earlier this year.