Google: Path To AI Leadership Still More Clear
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Alphabet Inc. has shown strong Q3 2024 performance with a 15% revenue increase, driven by Google Cloud and AI services. Despite challenges in Search and YouTube, AI and cloud investments are key growth drivers. The price target for Alphabet has been raised to $302, indicating a 69% upside potential.
November 12, 2024 | 5:00 am
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Alphabet Inc.'s Q3 2024 results show a 15% revenue increase, mainly due to Google Cloud and AI services. Despite regulatory challenges, the price target is raised to $302, suggesting a 69% upside.
The strong revenue growth driven by Google Cloud and AI services, along with a significant price target increase, suggests a positive short-term impact on Alphabet's stock price. Regulatory challenges are noted but do not overshadow the growth potential.
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