Despite the tech giant's outperformance in 2023, many analysts remain bullish on the stock.
Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Google has remained more under-the-radar compared with some of the other FAANG names. Nonetheless, it is a top name in the AI arms race. It has invested heavily in generative artificial intelligence throughout the year, such as through its Bard AI platform , its competitor to ChatGPT.
mountain Google shares have outperformed in 2023 Deutsche Bank ticks up price target Deutsche maintained its buy rating on shares, while raising its price target by $5 to $145. The new price target implies nearly 7% upside potential from Monday's close. According to the firm, ad checks indicate that Google's Search segment "remains resilient.
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