Alphabet Inc. partners with Accenture to boost Google Cloud products
Alphabet Inc. has made significant inroads in the artificial intelligence sector, particularly with its recent partnership with Accenture to expand market access to its Google Cloud products.
The firm’s shares have seen a substantial increase of 103% over the past year and 13% year-to-date.
Wells Fargo cut the share price target to $416 from $435, but maintained an Overweight rating, citing enthusiasm for Alphabet’s ability to grow Google Search and Google Cloud revenue.