Latest news with #AndrewBoone
Yahoo
6 days ago
- Business
- Yahoo
Meta Platforms (META) Touts AI Skills as Key to Wage Growth, Eyes Bigger Role in Workforce Transformation
We recently published a list of . In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other AI stocks on Wall Street's radar. On June 2nd, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on Meta Platforms, Inc. (NASDAQ:META) with a $750.00 price target. The analysts pointed out the importance of artificial intelligence (AI) skills in the workforce, citing Meta's claim that workers having AI-related skills could help boost their wages by as much as 20%. This claim highlights the value of developing AI competencies among employees. Photo by Alexander Shatov on Unsplash Drawing a comparison with trends noted in platforms such as Upwork, it was revealed that freelancers engaging in AI-related tasks on the platform earn 44% more than those who do not. This data point further signifies the importance of artificial intelligence skills, particularly in the gig economy. The firm further highlighted how Meta's focus on AI skills and impact on wage growth highlights how Meta remains committed to advancing AI in its business strategy. It is highly confident in the company's potential for growth as it ramps up the use of the said technology. Meta Platforms, Inc. (NASDAQ:META) is a global technology company. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-05-2025
- Business
- Yahoo
Alphabet Inc. (GOOG)'s AI Ad Strategy Expands Reach – But Analyst Keeps Neutral Stance
We recently published a list of . In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other AI stocks on Wall Street's radar. Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On May 23, Citizens JMP analyst Andrew Boone reiterated a 'Market Perform' rating on the stock. Boone has highlighted a shift in Google's ad strategy that now aligns with its advanced AI search capabilities. Google Marketing Live, Google's online event brimming with AI, demonstrated the latest advertising products from the company and the integration of AI into its search functions. According to Boone, AI search is broadening Google's total addressable market for search by handling more complex queries. This increased ad load is likely to maintain revenue projections for Google's search business. However, rising competition for search queries could limit Alphabet's stock valuation. Since the competitive landscape for Alphabet seems competitive and constraining, the firm places a neutral outlook on the shares. A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $200 implies a 18.72% upside, however, the Street-high target of $234 implies an upside of 38.9%. Overall, GOOG ranks 3rd on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-05-2025
- Business
- Yahoo
Alphabet Inc. (GOOG)'s AI Ad Strategy Expands Reach – But Analyst Keeps Neutral Stance
We recently published a list of . In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other AI stocks on Wall Street's radar. Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On May 23, Citizens JMP analyst Andrew Boone reiterated a 'Market Perform' rating on the stock. Boone has highlighted a shift in Google's ad strategy that now aligns with its advanced AI search capabilities. Google Marketing Live, Google's online event brimming with AI, demonstrated the latest advertising products from the company and the integration of AI into its search functions. According to Boone, AI search is broadening Google's total addressable market for search by handling more complex queries. This increased ad load is likely to maintain revenue projections for Google's search business. However, rising competition for search queries could limit Alphabet's stock valuation. Since the competitive landscape for Alphabet seems competitive and constraining, the firm places a neutral outlook on the shares. A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $200 implies a 18.72% upside, however, the Street-high target of $234 implies an upside of 38.9%. Overall, GOOG ranks 3rd on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
