Jefferies Raises Alphabet Stock Price Target to $285 on AI Potential
Jefferies’ price target increase on Alphabet to $285 is more than an act of Wall Street optimism, it indicates how integral AI is to Google’s long-term individuality. This action indicates that investors are beginning to view Alphabet less as a pure search behemoth and a lot more as a firm who is progressing itself around AI ecosystems.
Although Gemini may not be the coolest chatbot of the day, Alphabet has always excelled at distribution. Billions of users on Google Search, Chrome, and Android provide it with an unparalleled platform to incorporate AI into daily life. Such level of influence means that even gradual advancement can translate into enormous monetization opportunities.
Jefferies’ higher target price is quite…
