Perplexity, an emerging player in the artificial intelligence sphere, is nearing the conclusion of a substantial $500 million funding round, which would attribute a valuation of $14 billion to the company, as reported by individuals familiar with the discussions. This development reflects a growing investor interest in AI technologies that could potentially disrupt Google's (GOOG, Financial) established leadership in the search industry. The venture capital firm Accel is expected to spearhead this funding round. Perplexity is part of a new wave of startups that have gained momentum following the introduction of Microsoft's (MSFT) supported ChatGPT.
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 27.63% from the current price of $157.92. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $198.28, suggesting a upside of 25.56% from the current price of $157.92. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
