Google's (GOOG, Financial) DeepMind division is about to see the departure of one of its principal researchers, Jack Rae, as he moves to join Meta's ambitious "superintelligence" team. Alongside him, Johan Schalkwyk, an expert in machine learning from Sesame AI, is also expected to make the transition. This strategic migration is part of a larger hiring initiative led by Meta's CEO, Mark Zuckerberg, who aims to assemble a team of around 50 experts, including a chief scientist. The recruits are being lured with lucrative compensation packages worth tens of millions of dollars, all in an effort to enhance Meta’s AI models and tools.
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 12.73% from the current price of $178.79. 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 $199.10, suggesting a upside of 11.36% from the current price of $178.79. 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.
