Quick Summary:
- Alphabet and Nvidia have invested in the AI startup Safe Superintelligence.
- Analysts forecast an average target price of $207.99 for Alphabet, presenting a potential 32.36% upside.
- Alphabet maintains an "Outperform" rating with significant growth potential according to GuruFocus metrics.
Alphabet Inc. (GOOGL) and Nvidia Corp. (NVDA) have strategically invested in Safe Superintelligence, an innovative AI startup co-founded by former OpenAI scientist Ilya Sutskever. The budding company has already captured significant attention, achieving a valuation of $32 billion through a funding round orchestrated by Greenoaks. While the exact amounts of Alphabet's and Nvidia’s investments remain undisclosed, the impact of these tech giants' involvement is undeniably noteworthy.
Wall Street Analysts Forecast for Alphabet Inc. (GOOGL, Financial)
Analysts maintain an optimistic outlook for Alphabet, with insights from 50 experts yielding an average one-year price target of $207.99. This projection suggests a potential upside of approximately 32.36% from Alphabet's current trading price of $157.14. Forecasts range from a high of $240.00 to a low of $167.00. These evaluations are accessible in greater detail on the Alphabet Inc (GOOGL, Financial) Forecast page.
Moreover, Alphabet's average brokerage recommendation stands at 2.0, classified as "Outperform" by a consensus of 57 brokerage firms. This rating harnesses a scale where 1 represents a "Strong Buy," while 5 signals a "Sell," underscoring the company's favorable market position.
Value Estimation with GuruFocus Metrics
According to GuruFocus metrics, the estimated GF Value for Alphabet over the next year is projected at $195.00, indicating a potential upside of 24.09% from the current share price of $157.14. The GF Value represents GuruFocus's comprehensive valuation metric, derived from the stock’s historical multiples, previous business growth, and future performance estimates. For expanded details, visit the Alphabet Inc (GOOGL, Financial) Summary page.
