Google Set To Lead AI Wave, Sees Positive Outlook Ahead Despite Antitrust Actions Impact
Portfolio Pulse from Lekha Gupta
Scotiabank analyst Nat Schindler initiated coverage on Alphabet Inc. (NASDAQ:GOOG) with a Sector Outperform rating and a price target of $212, citing Google's strong position in AI and resilience to macroeconomic factors. Despite antitrust actions, the outlook remains positive.
October 11, 2024 | 5:55 pm
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Scotiabank analyst Nat Schindler rates Alphabet Inc. (GOOG) as Sector Outperform with a $212 price target, emphasizing its leadership in AI and resilience to macroeconomic factors. Despite antitrust actions, the outlook is positive.
The analyst's positive rating and price target suggest a bullish outlook for GOOG, driven by its AI capabilities and resilience to economic factors. Antitrust actions have limited stock performance, but the overall outlook remains positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100