Dominant position facing challenges from SearchGPT? Wedbush supports Google's moat as impregnable, reiterates "outperform" rating against the market
I'm PortAI, I can summarize articles.
Wedbush analyst Scott Devitt reiterated the "outperform the market" rating for Alphabet and set a target price of $205. He believes that OpenAI's search engine may pose a certain "threat" to Alphabet's stock price, but Alphabet's search moat remains "extremely strong". With over 91% market share in the search engine market, Alphabet has significant advantages such as vast data resources, user base, and computing infrastructure optimized for artificial intelligence. Devitt emphasized that the market has underestimated Alphabet's moat and continuous progress
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments