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CLSA raised Apple's price target from $265 to $330, giving it an "outperform" rating, indicating a potential upside of 17.56%. Other analysts have also adjusted their targets, with a consensus rating of "Moderate Buy" and an average target price of $280.09. Apple's stock opened at $280.70, with a market cap of $4.15 trillion. Recent insider sales and hedge fund activities are noted.
The National Highway Traffic Safety Administration is investigating Waymo for its robotaxis allegedly driving past stopped school buses in Austin, Texas. Despite Waymo's software updates to address the issue, incidents persist, with 19 recorded since the school year began. The Austin Independent School District requested Waymo to halt operations during school times, but the company refused. The investigation follows previous scrutiny of Waymo's self-driving cars for erratic driving. Waymo aims to expand into over 20 cities in the coming years.
Meta Platforms announced partnerships with several news publishers, including USA Today, CNN, and Fox News, to provide content for its AI tool. This collaboration aims to offer a broader range of real-time content, including world news, entertainment, and lifestyle, enhancing the diversity of information available to users. Financial terms were not disclosed, and Meta plans to expand partnerships in the future.
Alphabet (GOOGL) is entering a new AI-driven era, with significant growth in cloud services and AI integration across its products. In Q3 2025, Alphabet's revenue exceeded $100 billion, with Google Cloud revenue growing 34% year-over-year. By 2035, Alphabet is expected to transform into an AI-and-cloud-centric company, potentially increasing profitability and efficiency. Wall Street maintains a Strong Buy consensus on GOOGL stock, with a price target of $317.35.
Strategy Capital LLC reduced its stake in Meta Platforms by 24.9% in Q2, owning 165,849 shares worth $122.41 million. Institutional investors hold 79.91% of Meta's stock. Analysts have mixed ratings, with a consensus "Moderate Buy" and an average price target of $819.43. Recent insider sales include Director Robert M. Kimmitt and COO Javier Olivan. Meta's stock rose 3.4% recently.
