Goldman Sachs Upgrades Google Target to $435 on AI Hardware Integration

Goldman Sachs raises Google price target to $435, citing strategic shift toward embedding Gemini AI into hardware ecosystems via custom chips and multimodal models.

Woofun AI reports that Goldman Sachs maintains a "buy" rating for Google with a $435 price target, driven by the company's pivot toward large-scale AI applications. The firm highlights Google's strategy of integrating Gemini Intelligence directly into consumer devices through custom chips and multimodal models. Although hardware sales represent a minor revenue segment, Goldman Sachs argues this approach expands AI functionality, enhancing Gemini's value and strengthening Google's competitive standing in the consumer internet sector.