BigBear.ai appoints Sean Ricker as chief financial officer
Investing.com - Citizens JMP has raised its price target on Alphabet (NASDAQ:GOOGL) to $290.00 from $250.00 while maintaining a Market Outperform rating following Google’s announcement of major AI integrations into Chrome. The stock, which has delivered an impressive 56% return over the past year and currently commands a market capitalization of $3.05 trillion, is trading near its 52-week high according to InvestingPro data.
Google described the update as "the biggest upgrade to Chrome in its history," introducing Gemini AI capabilities directly into the browser. The feature will initially be available to AI Pro and Ultra subscribers in the U.S. who use English.
The new AI features enable users to schedule bookings, order items, and compare information across tabs or other Google apps including Calendar, YouTube, and Maps. Users can also generate AI Mode search results directly from Chrome’s address bar.
Citizens JMP noted that the integration allows users to ask questions about web page content and receive contextually relevant answers, representing "the first step toward agents beginning to help internet browsers complete actions and find and summarize information at the browser level."
The firm believes Google’s strategy of leveraging its distribution advantages could help the company "win AI search" by enabling artificial intelligence to bring tasks and information to users rather than requiring users to seek out information themselves.
In other recent news, Google has launched a major upgrade to its Chrome browser by integrating its AI features, known as Gemini, to improve user experience. This upgrade is currently available to desktop users in the United States and will soon expand to mobile platforms and business users through Google Workspace. Additionally, Piper Sandler has raised its price target for Alphabet, Google’s parent company, from $220 to $285, maintaining an Overweight rating. JMP Securities also reiterated its Market Outperform rating for Alphabet, setting a price target of $250, citing YouTube’s strength in driving international subscriptions.
In other developments, Google announced significant investments in Africa’s digital infrastructure, exceeding its $1 billion pledge made in 2021. This initiative aims to establish four subsea cable connectivity hubs across the continent. Furthermore, PayPal has entered into a multiyear strategic partnership with Google to integrate its payment solutions across Google’s ecosystem. This collaboration will leverage Google’s AI to enhance PayPal’s services, with PayPal becoming a key provider for processing card payments across various Google platforms.
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