Analysts are an overwhelmingly bullish group when it comes to Alphabet's stock, but one is breaking from the pack.
Analysts are an overwhelmingly bullish group when it comes to Alphabet Inc.’s stock, but one is breaking from the pack.
“We... Analysts are an overwhelmingly bullish group when it comes to Alphabet Inc.’s stock, but one is breaking from the pack. “We think concern over whether the company can maintain its dominant position through this massive technology transformation will hold back valuation,” he wrote. “We consider search competition from Microsoft a lesser threat than risk of displacement from behavioral change as users interact more with AI assistants to find information.”
“They have so much more opportunity to engage with users and massive amounts of behavioral and personal data contained only in their networks,” he wrote. “We do not see this as an existential threat to Google, but this behavior will become a competitive force against its dominance in connecting users to information.”
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