The landscape of quantum computing is approaching a pivotal change, according to insights shared by Nvidia's CEO, Jensen Huang, during the VivaTech conference held in Paris. Huang highlighted that quantum computing is set to tackle some compelling challenges in the upcoming years, marking a shift from his previous stance that practical quantum computers were still many years away. This evolving viewpoint has fueled investor optimism, leading to an uptrend in several quantum computing stocks during early Wednesday trading. While Nvidia itself was not among the stocks seeing immediate gains, the sector's positive momentum reflects growing confidence in quantum technology's potential.
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 11.22% from the current price of $181.23. 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 $199.06, suggesting a upside of 9.84% from the current price of $181.23. 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.
