Posted 2/13/2024, 5:02:18 AM
Alphabet Stock a Strong Buy Despite AI Chatbot Threat
- Alphabet (GOOGL) stock has a low forward P/E of 22.2, making it look undervalued compared to tech peers
- Google recently launched AI chatbot Gemini Ultra, following OpenAI's ChatGPT
- There are concerns about AI chatbots disrupting Google Search, which drives most of Alphabet's profits
- However, Alphabet can leverage its search data and engine to create better AI products
- GOOGL stock is rated a Strong Buy by analysts, with a $164.56 average price target (11.5% upside)