Reddit shares surge on OpenAI deal to add content to ChatGPT
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Barclays Reiterates Overweight Rating on Alphabet (GOOGL)
May 21, 2024 6:24 AM EDTBarclays analyst Ross Sandler reiterated an Overweight rating and $200.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "The big breakthrough we saw this week was around AI multi-modal products running very fast on a single neural network, with very low latency and speedy responses, which provides a glimpse into where things are likely headed. The introduction of compelling voice inputs and voice/text/image... More
UBS Reiterates Neutral Rating on Alphabet (GOOGL)
May 20, 2024 6:10 AM EDTUBS analyst Lloyd Walmsley reiterated a Neutral rating and $173.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Heading into GML 2024, we look for product releases to showcase how Google is leveraging genAI tech in both horizontal (across more sectors) and vertical (across more parts of the value... More
JMP Securities Reiterates Market Outperform Rating on Reddit (RDDT)
May 17, 2024 6:43 AM EDTJMP Securities analyst Andrew Boone reiterated a Market Outperform rating and $63.00 price target on Reddit (NYSE: RDDT)
The analyst comments "We reiterate our Market Outperform rating and $63 price target. Stepping back, Reddit has accelerated DAU growth over the past four quarters as it... More
Reddit (RDDT) PT Raised to $70 at Citi
May 17, 2024 6:23 AM EDTCiti analyst Ronald Josey raised the price target on Reddit (NYSE: RDDT) to $70.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "Yesterday, after the close, Reddit announced a new data licensing agreement with OpenAI and while terms of the agreement... More
Reddit (RDDT) PT Raised to $65 at Deutsche Bank
May 17, 2024 5:31 AM EDTDeutsche Bank analyst Ben Black raised the price target on Reddit (NYSE: RDDT) to $65.00 (from $62.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Reddit announced a deal to license its data to OpenAI, as well as to incorporate Reddit content into ChatGPTs chatbot and other products. While... More
Microsoft (MSFT) PT Raised to $500 at RBC Capital
May 17, 2024 5:01 AM EDTRBC Capital analyst Kash Rangan raised the price target on Microsoft (NASDAQ: MSFT) to $500.00 (from $450.00) while maintaining a Outperform rating.
The analyst comments "AI remains one of the most important drivers for Microsoft Microsoft continues to invest aggressively in AI, given the market... More
