Google (GOOG, Financial) and Warby Parker are collaborating on an innovative line of AI-integrated eyewear expected for release after 2025. This partnership aims to merge Warby Parker's distinctive eyewear design with Google's advanced technology, paving the way for smart glasses equipped with multimodal AI features. These glasses will offer both prescription and non-prescription lenses, enhancing user experience through real-time intelligence and context recognition.
As part of the agreement, Google is set to provide up to $75 million to support Warby Parker's product development and commercialization efforts. Additionally, subject to certain milestones, Google is prepared to invest another $75 million at Warby Parker's discretion. This venture marks a significant step towards transforming eyewear into a more integrated and intelligent component of daily life.
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 21.29% from the current price of $166.18. 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 $198.21, suggesting a upside of 19.27% from the current price of $166.18. 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.
