Koray Kavukcuoglu, who currently serves as the chief technology officer at Google DeepMind, is set to assume an additional role as the chief AI architect. This appointment elevates him to the position of senior vice president, where he will report directly to Sundar Pichai, Google's CEO. Kavukcuoglu will continue his duties as CTO while embracing this new leadership role, as outlined in a memo from Pichai. This strategic move underscores Google's commitment to advancing its capabilities in artificial intelligence, which is crucial for the company's growth and innovation strategies.
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 12.48% from the current price of $179.19. 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 $199.83, suggesting a upside of 11.52% from the current price of $179.19. 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.
