TECH - Wedbush Analysts Bullish On Google Say 'Encouraged' By Generative AI Stack 'Unmatched Breadth Of Data' And Gemini Advancements | Benzinga
Wedbush expressed optimism about the announcements made by Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google at its annual Cloud Next event. This comes after Wedbush added Google to its Best Ideas List (BIL) in March.
What Happened: Google unveiled a range of new products, features, and partnerships within its ecosystem, which "encouraged" the analysts at Wedbush.
Google Cloud CEO Thomas Kurian delivered the keynote, discussing the company’s advancements in AI capabilities and the commercialization of early enterprise solutions, including new custom chips.
Wedbush has maintained an "Outperform" rating for Google, with a target price of $175.
Google’s latest advanced model, Gemini 1.5 Pro, offers significantly larger context windows compared to its competitors. This model will power enterprise tools like Gemini Code Assist and other use cases across the Gemini family of models, which are expected to drive direct monetization.
Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.
Wedbush points this out as one ...