Key Takeaways:
- OpenAI, backed by Microsoft, is diversifying its AI infrastructure by incorporating Google's TPUs, highlighting the strength of Google's AI offerings.
- Alphabet Inc (GOOGL, Financial) shows potential for a 12.59% upside, based on average analyst price targets.
- Current brokerage recommendations for GOOGL suggest an "Outperform" status, supported by a GF Value estimate indicating a 10.47% potential increase.
OpenAI, with the support of Microsoft (MSFT), is branching out in its technology choices by integrating Google’s tensor processing units (TPUs) to enhance its AI inferencing capabilities. This strategic move marks a departure from exclusive reliance on Nvidia's chips, underscoring Google's prowess in AI infrastructure while boosting credibility in Google Cloud’s competitive offerings.
Wall Street Analysts Forecast
Taking into account the one-year price predictions from 50 seasoned analysts, Alphabet Inc (GOOGL, Financial) holds an average target price of $201.35. Analysts anticipate a high estimate of $250.00 and a low of $160.00, with the average target suggesting a potential upside of 12.59% from the current trading price of $178.83. For more in-depth estimation data, visit the Alphabet Inc (GOOGL) Forecast page.
Based on the consensus view of 55 brokerage firms, Alphabet Inc's (GOOGL, Financial) average brokerage recommendation stands at 1.9, placing it in the "Outperform" category. This rating system ranges from 1 to 5, where 1 is a Strong Buy and 5 represents a Sell.
According to GuruFocus estimates, the projected GF Value for Alphabet Inc (GOOGL, Financial) is pegged at $197.56 for the next year, indicating a potential upside of 10.47% from its current price point of $178.83. The GF Value represents GuruFocus' calculation of the stock’s fair trading value, grounded in historical trading multiples, past business growth, and projected future performance. Detailed insights are available on the Alphabet Inc (GOOGL) Summary page.
