Google (GOOG, Financial) is reportedly in discussions with several news organizations to embark on a new artificial intelligence licensing initiative. According to sources, the tech giant aims to collaborate with approximately 20 prominent national news outlets in an initial pilot phase. The project is designed to integrate AI technologies into specific products, enhancing the synergy between Google's offerings and news content. This move underscores Google's ongoing efforts to innovate in the realm of AI and expand its partnerships within the media industry.
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 $203.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 6.49% from the current price of $191.15. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 21 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 $200.37, suggesting a upside of 4.82% from the current price of $191.15. 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.
