Digging Deeper: Unveiling the Assumptions Behind Wall Street's 31% Alphabet Stock Growth Prediction
There has been no shortage of excitement for shareholders of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) this year.
The tech giant entered the year in a code red, scrambling to come up with a response to OpenAI's ChatGPT. Since then, the battle for the future of artificial intelligence (AI) has only heated up as Microsoft, which has invested $13 billion in OpenAI, launched a new version of Bing, powered by ChatGPT technology.
After stumbling the first time it introduced Bard AI, its own AI chatbot, Alphabet redeemed itself at its I/O Conference in May, and the stock has surged since then. Year to date, Alphabet has been a big winner, up roughly 40%, but Wall Street thinks it could have more gains in store.
Source Fool.com
Alphabet Inc. A Stock
€156.96
2.040%
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 12.77% for Alphabet Inc. A compared to the current price of 156.96 €.
