Alphabet Inc.'s (GOOG, Financial) latest updates in search technology are seeing continued success, with the recently launched AImode now effectively operating in both the U.S. and India. The AI-driven platform currently boasts over 2 million active monthly users. Meanwhile, YouTube's Shorts have begun generating equivalent revenue per watch hour as traditional in-stream content, highlighting a promising shift in user engagement.
Since May, Google's Vio 3 has facilitated the creation of over 70 million videos, indicating a significant uptake in creative use. Subscription services have experienced a remarkable surge, thanks in part to the introduction of Google AI Pro and Ultra plans. Additionally, Waymo, Google's autonomous driving unit, has impressively completed more than 100 million miles on public roads, showcasing the advancements in self-driving technology.
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 $205.78 with a high estimate of $240.00 and a low estimate of $185.00. The average target implies an upside of 7.45% from the current price of $191.51. 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 $201.53, suggesting a upside of 5.23% from the current price of $191.51. 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.
