Alphabet Inc (GOOG) Google Cloud Conference Focuses On User Centricity And Machine Learning

Alphabet Inc. (NASDAQ:GOOG) has outlined near term goals for its cloud platform at its Global Cloud Platform Global User Conference 2016. The company, which is among the most dominant cloud platforms, is reorienting its priorities towards being more user centric for starters. In terms of enterprise, meanwhile, Google is hoping to bring more machine learning and analytics functionality to its cloud platform with new product launches. Eric Sheridan, analyst at UBS, analyzing on Google’s cloud ambitions in the wake of the conference, commented on the consolidation of Google’s technology on its cloud platform. To note, UBS has a BUY rating on Google’s stock with a price target of $875 that is rationalized by EV/Sales, EV/FCF and EV/EBITDA calculations. In the note, Sheridan addressed both the new customer-centric strategy that Google…


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