- Google partners with Apple to integrate its AI service, Gemini, into upcoming Apple devices.
- Analysts project an average price target of $202.33 for Alphabet Inc (GOOGL, Financial), indicating significant growth potential.
- GuruFocus estimates suggest Alphabet's stock is poised for a 24.05% upside in the next year.
In a strategic move that could reshape the tech landscape, Google's CEO, Sundar Pichai, has announced plans to forge a significant partnership with Apple (AAPL). Slated for mid-year, this collaboration aims to integrate Google's advanced AI service, Gemini, into the latest Apple devices. This announcement was made during Google's current antitrust trial, highlighting the potential synergy between two tech giants.
Wall Street Analysts Forecast
According to a consensus of 50 Wall Street analysts, the projected one-year price target for Alphabet Inc (GOOGL, Financial) stands at an average of $202.33. This includes a possible high of $240.00 and a low of $160.00, suggesting an upside of 28.88% based on the current trading price of $156.99. For more nuanced insights, visit the Alphabet Inc (GOOGL) Forecast page.
The collective view from 56 brokerage firms sets Alphabet Inc's (GOOGL, Financial) average brokerage recommendation at 2.0, which falls into the "Outperform" category. This rating is derived from a scale where 1.0 represents a Strong Buy and 5.0 indicates a Sell.
Using GuruFocus's proprietary metrics, the estimated GF Value for Alphabet Inc (GOOGL, Financial) over the next year is pegged at $194.75. This valuation implies a potential upside of 24.05% from the current stock price of $156.99. The GF Value metric leverages historical trading multiples and future performance estimates to gauge a stock's fair trading price. Detailed analyses are available on the Alphabet Inc (GOOGL) Summary page.
