Google shares to continue to trade at a discount to other mega-caps - DA Davidson

Investing.com09-11

Investing.com -- DA Davidson analysts initiated Alphabet (NASDAQ:GOOGL) with a Neutral rating and $170 per share price target in a note Tuesday, saying it is facing challenges in its core Search ...

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They draw a parallel between Google's current situation and Xerox  in the 1980s, which invented much of the technology behind the PC but watched companies like Microsoft  and Apple  capitalize on it.While they believe Alphabet has shown some encouraging signs, such as the reacceleration of Google Cloud Platform  and its potential to achieve AI product parity, DA Davidson po","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0061474960.USD":"天利环球焦点基金AU Acc","AAPL":"苹果","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","QID":"纳指两倍做空ETF","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","3NVD.UK":"LS 3X NVIDIA","BK4549":"软银资本持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","XRX":"施乐","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","L":"洛斯公司","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","BK4532":"文艺复兴科技持仓","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4554":"元宇宙及AR概念","QLD":"纳指两倍做多ETF","GOOGL":"谷歌A","MSFT":"微软","BK4534":"瑞士信贷持仓","2NVD.UK":"2X NVIDIA ETP","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","GOOG":"谷歌","BK4533":"AQR资本管理(全球第二大对冲基金)","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","PSQ":"纳指反向ETF","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","BK4543":"AI","NVDA":"英伟达"},"translate_title":"谷歌股票将继续以低于其他大型股的价格交易——DA Davidson","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRX":1,"GOOGL":1,"GOOG":1,".IXIC":0.9,"MSFT":0.8,"NVDA":0.7,"L":0.6,"SQQQ":0.6,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"NQmain":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"AAPL":0.6,"MNQmain":0.6},"content_text":"Investing.com -- DA Davidson analysts initiated Alphabet (NASDAQ:GOOGL) with a Neutral rating and $170 per share price target in a note Tuesday, saying it is facing challenges in its core Search business, and its future growth may depend on other parts of its portfolio.\nHowever, the firm sees Alphabet's positioning in these areas as mixed, leading them to expect the stock to continue trading at a discount compared to other mega-cap companies.\nThe analysts highlight that Alphabet is at a critical point in its evolution, stating that it \"will either be 'Xeroxed' or emerge as a leader in the most important new categories of Compute.\"\nThey draw a parallel between Google's current situation and Xerox (NASDAQ:XRX) in the 1980s, which invented much of the technology behind the PC but watched companies like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) capitalize on it.\nDA Davidson expresses concern over Google's slower response to the introduction of AI services, particularly with Microsoft's rapid commercialization of AI over the past 18 months.\nWhile they believe Alphabet has shown some encouraging signs, such as the reacceleration of Google Cloud Platform (GCP) and its potential to achieve AI product parity, DA Davidson points out that Google has made notable missteps.\nOne example is the under-commercialization of Google TPUs, a viable alternative to NVIDIA (NASDAQ:NVDA) GPUs, which have missed capturing much of the $3 trillion hardware market.\nShorter-term, Google faces the challenge of transitioning from a 90% market share in Search to something less, as AI-enhanced search tools gain prominence. Coupled with the Department of Justice charges that may limit its monopoly, Google's path forward looks uncertain, according to the firm.\nDA Davidson concludes that without more aggressive strategies, Google's stock will likely continue to trade at a discount.\nRelated Articles\nGoogle shares to continue to trade at a discount to other mega-caps - DA Davidson\nSweden stocks lower at close of trade; OMX Stockholm 30 down 0.62%\nSpain stocks lower at close of trade; IBEX 35 down 0.61%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.26.4","shortVersion":"4.26.4","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/2466046328"}