Google preparing to partner with Taiwan's MediaTek on next AI chip, Information reports
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March 18, 2025 4:01 PM EDT
Stifel analyst Mark Kelley reiterated a Buy rating and $225.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Our Take: The Alphabet team did not disclose any financial metrics for Wiz, and therefore did not offer any accretion/dilution analysis, but at a high level, it looks as though Wiz has added ~$480k in ARR per day (since 2021, but accelerating); if Wiz keeps that cadence, the company would achieve... More
March 18, 2025 4:00 PM EDT
Citi analyst Maria Ripps reiterated a Buy rating and $229.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "Earlier today, Google announced plans to acquire Wiz for $32B in a cash transaction expected to close in 2026, pending regulatory approval. Wiz offers a suite of... More
March 18, 2025 1:49 PM EDT
Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $205.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Our View: This morning, GOOGL announced the acquisition of Wiz for $32B in cash, in what would be GOOGLs largest-ever M&A deal (vs. Motorola Mobility at $12.9B in... More
