$GOOGL CapEx projections continue to rise, largely due to AI and cloud investments
https://x.com/Mayhem4Markets/status/1949828976555233419
If you have extra money to put to work, history says now is a great time to add Alphabet exposure.
AI recently took its first steps into complex mathematics. Get ready for a new rush into the sector as science industries adopt the technology…
And above all, make sure you’re in a position to benefit.
Raymond James increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $185 to $210, maintaining an ‘Outperform’ rating.
The analyst attributed the price revision to the company’s increasing AI monetization efforts, which are beginning to generate profits.
Therefore, despite regulatory concerns, several analysts have revised their earnings estimates upward. Raymond James highlighted the Department of Justice’s ongoing antitrust case as manageable.
Furthermore, the analyst’s revised price target for Alphabet Inc. (NASDAQ:GOOGL) is based on a 17x estimated 2027 earnings multiple, which is below peers like Meta, Amazon, Microsoft, Nvidia, and Apple. Thus, Raymond James believes that GOOGL offers strong upside potential.
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