TECH - Google I/O 2024 To Spotlight AI Innovations And New Monetization Opportunities Analyst Says | Benzinga
KeyBanc analyst Justin Patterson reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOGL) with a price target of $200.
The analyst expects Google’s annual developer event, Google I/O 2024, to reinforce his thesis that Alphabet has a meaningful scale and AI creates new monetization opportunities. He hopes to see Gemini incorporated across Google products.
Also Read: AI Focus At Google I/O: Analyst Anticipates Groundbreaking Announcements In Search, Mobile Tech
While audio and visual recognition capabilities may receive increased scrutiny after OpenAI’s Monday event, he is more focused on the Android device ecosystem.
Apple Inc (NASDAQ:AAPL) and Meta Platforms Inc (NASDAQ:META) have already signaled how AI ...