Needham: Strategic Position and Corporate Culture Boost Valuation, Raises Google (GOOGL.US) Target Price to $210

According to the Zhixun Financial APP, Needham has raised its profit expectations and target stock price for Google (GOOGL.US), and expects its strategic position and corporate culture to drive its valuation higher. Analysts led by Laura Martin stated that the corporate culture of this tech giant is an important factor in value growth, and that the company has the largest general artificial intelligence team, with only two members possibly defecting to Meta (META.US). The institution has raised Google's target price from $178 to $210.