Wedbush Adds Alphabet to Best Ideas List, Hikes Price Target
Wedbush analysts added Alphabet (GOOGL) stock to the ‘Best Ideas List’ and raised the target price on the stock to $175 from $160.
The analysts believe that the concerns about structural risks to Google Search are “overstated” and maintain that GOOGL stands to gain significantly from generative AI.
They also highlighted Alphabet's unique competitive edge, which includes unparalleled access to vast datasets for AI model training across text, images, and video.
Extensive user engagement across platforms like Google Search, YouTube, and Android, advanced AI optimized computing infrastructure powered by custom silicon (TPUs), top-tier engineering talent, and a history of successful monetization strategies further bolster its position, the analysts said.
India & China Inflation Readings are Worlds Apart, India is Playing Catch-up after Covid: Moody's Analytics
Retail inflation outlook for Asia's two largest economies India and China is uncertain and currently 'worlds apart,' Moody's Analytics said in a report on Friday.
What's behind China's Gold-buying Spree?
For more than a year, China's central bank has been buying up large amounts of gold.
Latest U.S. Inflation Report Showed Rising Prices Continue to Weigh on American Consumers
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months that ended in February, a faster pace than January’s 2.4% rise in prices.
