- Google is nearing an agreement with CoreWeave to boost its GPU capabilities using Nvidia's advanced technology.
- Alphabet Inc (GOOGL, Financial) shows a promising upside potential of up to 36.15%, according to analyst price targets.
- GuruFocus's GF Value estimates suggest a 24.86% upside for Alphabet in the upcoming year.
J Studios Google (NASDAQ: GOOGL) is reportedly on the brink of securing a pivotal agreement with CoreWeave (NASDAQ: CRVW) to rent advanced data center servers powered by Nvidia's (NASDAQ: NVDA) cutting-edge Blackwell GPUs. As per The Information, this strategic move is designed to enhance Google's GPU infrastructure, concurrently with its efforts to secure additional data center space to accommodate its proprietary tensor processing units. This announcement has led to a significant 16% uptick in CoreWeave's stock, while shares of Google and Nvidia saw modest changes.
Wall Street Analysts Forecast
Alphabet Inc (GOOGL, Financial) is currently the focus of keen investor interest, with 50 analysts providing a one-year average target price of $213.81. This reflects a considerable high estimate of $240.00 and a low estimate of $167.00, indicating an attractive upside potential of 36.15% from the present stock price of $157.04. For a more comprehensive view of these projections, investors can review the detailed estimates on the Alphabet Inc (GOOGL) Forecast page.
The consensus from 57 brokerage firms positions Alphabet Inc's (GOOGL, Financial) average brokerage recommendation at 2.0, which aligns with an "Outperform" status. This rating is part of a scale from 1 to 5, where 1 indicates a Strong Buy, and 5 signals a Sell.
In terms of valuation metrics, GuruFocus estimates suggest that the GF Value for Alphabet Inc (GOOGL, Financial) in the forthcoming year is $196.08, implying a potential upside of 24.86% from the current price of $157.04. The GF Value is a proprietary metric from GuruFocus, representing the fair trading value of a stock based on historical trading multiples, prior business growth, and anticipated future performance. To delve deeper into these insights, visit the Alphabet Inc (GOOGL) Summary page.
