Google (GOOG, Financial) is joining forces with Gentle Monster and Warby Parker to develop Android XR glasses, according to recent announcements. The initiative was highlighted during Google's annual I/O developer conference. It's noted that Samsung is also engaged in similar efforts. This collaboration indicates Google's commitment to advancing augmented reality technology and expanding its ecosystem in innovative ways.
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 22.15% from the current price of $165.00. 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 20.13% from the current price of $165. 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.
