Key control
- Oppenheimer increased its target price for Google Parent Alphabet shares.
- An analyst’s survey found that Google AI mode saying that their results are more useful than asking Chatgpt.
- More surveyed than Oppenheimer hoped to say that they click on the results links of the AI ​​mode.
Oppenheimer’s analysts increased their price objective for Google Padre Alphabet (Googl) stock after the survey data revealed a preference among those surveyed by the new tools for searching for the technological giant on competitors such as Chatgpt.
The corridor raised its target price to $ 220 from $ 200. Alphabet shares changed little around $ 175 in Wednesday’s recent negotiation, which means that Oppenheimer’s new goal implies approximately 25% rise.
A Oppenheimer survey found that 60% of respondents in the AI ​​mode of Google say their results are more useful than asking Chatgpt. In addition, 75% of those who pay for Chatgpt described the AI ​​mode as more useful than OpenAi chatbot.
The AI ​​mode, which was implemented in the USA. In May, it allows users to talk within Google search the same way that they would do it with chatgpt, with updated search links provided after each user’s entry. AI mode appears as a tab under the search bar along with news, images and others. Last year, Google launched the descriptions of AI, which AI uses to generate an answer that appears at the top of the user search results.
In addition, more respondents who Oppenheimer expect to say that they click on the links of AI mode results. Google has approximately 70% of the search advertising market, analysts said, which makes it the US leader. Google Search generated $ 198.09 billion in revenues last year.
