Alphabet Set To Gain From Google AI Innovation, 'Underappreciated' YouTube: Goldman Sachs
I'm PortAI, I can summarize articles.
Goldman Sachs analyst Eric Sheridan maintains a Buy rating on Alphabet Inc, with a price target of $220. He believes Alphabet is well-positioned for the AI era, projecting Google's Search revenues to grow from $198 billion in 2024 to $318 billion by 2030, an 8% CAGR. YouTube is seen as an undervalued asset, with expected revenues reaching $99 billion by 2029, growing at a 13% CAGR. Despite a 1.8% decline in shares to $168.59, the overall outlook remains positive.
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: Benzinga 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