AI-Driven Growth Set To Strengthen Google's Ad Revenue: Goldman Sachs
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) with a price target of $195, highlighting the company's strong position in AI-driven digital advertising. Sheridan emphasized Google's advancements in AI tools and services, which are expected to enhance ad performance across various platforms. The analyst also noted Google's strategic moves in digital and streaming video, positioning it well for future growth.
May 22, 2024 | 4:33 pm
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Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOG) with a price target of $195, citing strong AI-driven growth in digital advertising and strategic moves in digital and streaming video.
The reiteration of a Buy rating and a high price target by a reputable analyst like Eric Sheridan from Goldman Sachs is likely to positively impact GOOG's stock price in the short term. The emphasis on AI-driven growth and strategic positioning in digital and streaming video further strengthens the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs analyst Eric Sheridan reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOGL) with a price target of $195, citing strong AI-driven growth in digital advertising and strategic moves in digital and streaming video.
The reiteration of a Buy rating and a high price target by a reputable analyst like Eric Sheridan from Goldman Sachs is likely to positively impact GOOGL's stock price in the short term. The emphasis on AI-driven growth and strategic positioning in digital and streaming video further strengthens the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100