Google (GOOG, Financial) showcased its latest advancements in artificial intelligence at its annual I/O developer conference. The tech giant introduced two new subscription services: GoogleAIPro, priced at $19.99 per month, and Google AI Ultra for $249.99 per month. These offerings aim to enhance users' experience with cutting-edge AI capabilities.
Additionally, Google launched a sophisticated video creation tool named Flow, which integrates Imagen 4 and Veo3 technologies to deliver a more robust video editing solution. This development highlights Google's commitment to pushing the boundaries of AI technology and its applications in content creation.
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 21.69% from the current price of $165.63. 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 19.67% from the current price of $165.63. 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.
