Google Parent Alphabet’s Stock Climbs as Analysts Raise Targets on AI-Driven Growth

Google Parent Alphabet’s Stock Climbs as Analysts Raise Targets on AI-Driven Growth

Key Takeaways

  • Google parent Alphabet’s shares rose Friday following first-quarter results that beat Street expectations.
  • Several analysts raised their price targets for the stock, citing the growth of tools like AI Overviews.
  • Google also “has data and distribution advantages” against generative AI rivals like OpenAI, Bank of America analysts said.

Shares of Google parent Alphabet (GOOGL) climbed Friday as several analysts raised their price targets for the stock after the tech giant…

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https://www.investopedia.com/google-parent-alphabet-stock-climbs-as-analysts-raise-targets-on-ai-driven-growth-11721947