Legal tech firm Harvey AI is on the verge of securing over $250 million in a new funding round, propelling its valuation to $5 billion. This marks a significant rise from its previous valuation of $3 billion in just a few months. Initially, Harvey AI collaborated with OpenAI, which is backed by Microsoft, to develop a specialized model for the legal sector. Recently, the company has broadened its services by incorporating foundational models from Google (GOOG, Financial) and Anthropic into its platform.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 21.13% from the current price of $166.40. 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 1.6, 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 $198.26, suggesting a upside of 19.15% from the current price of $166.4. 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.
