Stock of the week: “Alphabet Inc”
Alphabet Inc, the parent company of Google and YouTube, is a major technology player. Created when Google restructured in 2015, Alphabet has become a leader in internet search, cloud computing, AI and digital advertising. With its resources and innovative spirit, Alphabet is expected to continue shaping the future of technology.
With the rise of AI software and the significant investments made by tech giants, smaller companies are also entering the field. One such company is Bard, a conversational AI service from Alphabet. Bard will use natural language processing and machine learning to interpret user requests and provide accurate results.
Alphabet appears to be under pressure from other companies such as Amazon due to the poor economy and declining advertising revenue. Nevertheless, it may be worth keeping an eye on Alphabet as its technology and potential for substantial long-term returns appear attractive.
Indeed, financial social media sentiment tends to be “positive” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.
Analyst consensus is to "buy" the stock - out of the 49 bank analysts covering the company, 44 recommend buying the stock and 5 suggest holding it. The median upside potential of the stock price expected by these analysts over the next 6-12 months is currently 21.61% (reference close of business 6/02/2023).
Attention buzz is currently “high”.
Sources:
https://www.barrons.com/articles/c3-ai-stock-bigbearai-soundhound-51675712768?st=5z9gv1q0mok0m9g
https://www.lematin.ch/story/la-tech-entre-dans-lere-de-la-frugalite-alphabet-decoit-409883170443
https://umushroom.com/en/equity/alphabet-a-rg
https://www.letemps.ch/economie/google-annonce-lancement-bard-concurrent-chatgpt
