The post Wall Street predicts Google stock price for the next 12 months appeared on BitcoinEthereumNews.com. On Friday, December 5, two major firms increased their price targets on Alphabet (NASDAQ: GOOGL), citing strength across core advertising, AI-driven efficiencies, and seasonal momentum. Pivotal Research lifted its price target to $400 (from $350) and reiterated a Buy rating. The firm described Google’s search business as a “resilient cash cow” with strong pricing power. Pivotal also pointed to AI investments as a key driver, enabling Alphabet to reduce “massive costs” in search operations. Meanwhile, Truist raised its price target on Google shares to $350 (from $320) and likewise reaffirmed a Buy rating. Truist cited expectations of a strong U.S. holiday season for e-commerce and digital advertising. The firm believes that AI-optimized ad channels, combined with consumer strength and momentum in e-commerce, will lift ad revenue. Improved prospects in Google’s “Other Bets” division also contributed to the target increase. At market close Thursday, Google stock traded at $317.62, down $2.01 (-0.63%) on the day. With upward revisions from two independent analysts, the consensus view points to substantial upside, a potential 26% gain to Pivotal’s $400 target driven by a mix of ad-revenue strength, AI-aligned cost efficiencies, and macro tailwinds from the holiday season. Source: https://finbold.com/wall-street-predicts-google-stock-price-for-the-next-12-months/The post Wall Street predicts Google stock price for the next 12 months appeared on BitcoinEthereumNews.com. On Friday, December 5, two major firms increased their price targets on Alphabet (NASDAQ: GOOGL), citing strength across core advertising, AI-driven efficiencies, and seasonal momentum. Pivotal Research lifted its price target to $400 (from $350) and reiterated a Buy rating. The firm described Google’s search business as a “resilient cash cow” with strong pricing power. Pivotal also pointed to AI investments as a key driver, enabling Alphabet to reduce “massive costs” in search operations. Meanwhile, Truist raised its price target on Google shares to $350 (from $320) and likewise reaffirmed a Buy rating. Truist cited expectations of a strong U.S. holiday season for e-commerce and digital advertising. The firm believes that AI-optimized ad channels, combined with consumer strength and momentum in e-commerce, will lift ad revenue. Improved prospects in Google’s “Other Bets” division also contributed to the target increase. At market close Thursday, Google stock traded at $317.62, down $2.01 (-0.63%) on the day. With upward revisions from two independent analysts, the consensus view points to substantial upside, a potential 26% gain to Pivotal’s $400 target driven by a mix of ad-revenue strength, AI-aligned cost efficiencies, and macro tailwinds from the holiday season. Source: https://finbold.com/wall-street-predicts-google-stock-price-for-the-next-12-months/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more