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🧠 AI⚪ NeutralImportance 6/10
Alphabet (GOOGL) Stock Dips Despite Waymo Milestone and Strong Search Performance
🤖AI Summary
Alphabet (GOOGL) stock declined 2% despite Waymo's autonomous driving milestone of reaching 170 million miles driven. Major investment firms Morgan Stanley and Evercore maintain bullish outlooks with price targets of $330 and $400 respectively, citing strong search performance data.
Key Takeaways
- →Alphabet stock fell 2% despite positive developments in its Waymo autonomous driving division.
- →Waymo achieved a significant milestone by reaching 170 million autonomous miles driven.
- →Morgan Stanley maintains a bullish stance with a $330 price target for Alphabet shares.
- →Evercore shows even stronger confidence with a $400 price target based on robust search performance.
- →The stock decline suggests market disconnect between operational achievements and share price performance.
#alphabet#googl#waymo#autonomous-driving#morgan-stanley#evercore#search#stock-performance#ai-technology
Read Original →via Blockonomi
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