Sometimes, when a company rolls out so many exciting new products, new releases start to become a bit tiresome. That seems to be what’s happening to Alphabet (NASDAQ:GOOG), whose Google arm rolled out an array of new products and features for older ones yet could only realize modest gains on its share price for the effort.
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First, Google showed off a new generative AI system for its Bard voice assistant. With that, the combination of Assistant with Bard can create documents via not only Docs itself but also Gmail. Users will have several options for using Assistant with Bard, including images, voice prompts, and text, and even the program itself can step in to offer at least some cues. Further, the new Assistant with Bard system will work well with the Pixel 8 Pro, as it will be the first device to run Google’s models directly from that device itself, noted Rick Osterloh, Google’s chief of hardware.
Speaking of the Pixel 8, meanwhile, the prices have officially dropped, and they’re a bit higher than previously expected. Now, the Pixel 8 will run $699, while the Pixel 8 Pro will run $999. However, those who put in the preorder on the Pro will also get the Pixel Watch 2. Moreover, those who are stinging from the news about the Apple Watch going obsolete will be happy to know that Google plans to support the Pixel for the next seven years.
Is Alphabet Stock a Buy, Sell, or Hold?
Analysts, meanwhile, are all in on Google. With seven Buy ratings, Alphabet stock is a Strong Buy in no uncertain terms. Further, with an average price target of $147.43, Alphabet stock gives its investors access to 8.8% upside potential.