Google Gets Another Thumbs up on AI, This Time From Piper Sandler

Seekingalpha2023-10-03

Google is collecting the analyst love over artificial intelligence.Piper Sandler joined Morgan Stanley in calling the tech giant an AI winner, and reiterated a Buy rating on the stock. The firm noted ...

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The firm noted ...</p>\n\n<a href=\"https://seekingalpha.com/news/4017608-google-thumbs-up-on-ai-piper-sandler\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOG","symbol_name":"谷歌","start_time":0,"source_url":"https://seekingalpha.com/news/4017608-google-thumbs-up-on-ai-piper-sandler","article_id":"2372890148","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2372890148","pubTimestamp":1696346874,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is collecting the analyst love over artificial intelligence. Piper Sandler joined Morgan Stanley in calling the tech giant an AI winner, and reiterated a Buy rating","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"translate_title":"谷歌对人工智能又竖起了大拇指，这一次来自派珀·桑德勒","themeId":"d5a154ad31824bafb78dd4878d009f3e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOG":1,"GOOGL":1},"content_text":"Google is collecting the analyst love over artificial intelligence.Piper Sandler joined Morgan Stanley in calling the tech giant an AI winner, and reiterated a Buy rating on the stock. The firm noted that shares have outperformed even as an antitrust trial gets underway and the company increases infrastructure investment, including servers.The stock is down 0.3% on Tuesday morning.“The market may be telling us [that] new product opportunities are forthcoming; and [the] valuation remains undemanding,” Piper Sandler analysts Thomas Champion and James Callahan wrote in a note, tweaking its price target to $147 from $148.The firm raised its outlook for capital expenditures and Google cloud revenue for the next two years.“To account for this potential, we raise '24E Cloud revenue +2% & '25E +5%,” the firm said. Not to be left behind, YouTube also looks strong based on the firm’s checks.Valuation is attractive“While current valuation does not radiate AI winner, the bear case looks increasingly tenuous in our view,” the analysts said.Google continues to maintain its mighty hold on search market share — as noted by Microsoft (MSFT) Chief Executive Officer Satya Nadella this week in testimony during Google’s antitrust proceedings.“Looking ahead, we see an improving picture for core search and new cloud/AI revenue streams emerging,” Piper Sandler said.Google is up 50% this year.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2372890148"}