Gemini's usage rate jumps to second in the market, TD Cowen raises Google's target price to $270
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TD Cowen raised the target price for Alphabet - C to $270 and maintained a "Buy" rating based on its annual survey results in the generative AI public cloud sector. Google Cloud Platform (GCP) had an awareness rate of 80% in the survey, ranking third, with 44% of respondents planning to adopt GCP in the future. The Google Gemini model has become the second most commonly used generative AI tool, with 54% of respondents selecting it as the underlying model. The market is trending towards diversified choices, with OpenAI accounting for 73%
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