Google, a subsidiary of Alphabet Inc. (GOOGL), has unveiled a new feature within its Gemini Advanced platform that enables users to create and share videos using its advanced video model, Veo 2. As of Tuesday, this cutting-edge tool allows the transformation of text-based prompts into dynamic video content.
In addition to this development, Google Labs is introducing Veo 2 through its Whisk platform. Whisk is a generative AI experiment that facilitates the creation of new images from both text and image prompts. With the integration of Veo 2, users can now animate these images into videos, expanding the creative possibilities for content creators.
This move marks a significant step in enhancing the capabilities of AI-driven content generation, and it reflects Google's continuous efforts to innovate and expand its offerings in the field of artificial intelligence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $207.59 with a high estimate of $234.00 and a low estimate of $173.00. The average target implies an upside of 31.12% from the current price of $158.32. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $195.42, suggesting a upside of 23.43% from the current price of $158.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
