Alphabet (GOOG): Machine Learning Goes To The Cloud - Baird

November 16, 2016 6:28 AM EST
Get Alerts GOOGL Hot Sheet
Price: $824.37 -0.56%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Baird analyst, Colin Sebastian, reiterated his Outperform rating on shares of Google (NASDAQ: GOOGL) after Google's head of Enterprise Cloud Diane Greene announced the creation of a new Cloud Machine Learning (ML) & Artificial Intelligence (AI) group,along with product enhancements aimed at making ML/AI functionality more accessible to enterprises using GCP.

The analyst believes these announcements are consistent with the view that Google would ultimately be able to differentiate its enterprise offering from competitors by leveraging advanced ML capabilities and monetize ML through a range of business services.

No change to the price target of $930.

For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.

Shares of Google closed at $775.16 yesterday.

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