Google Faces Rising AI Rivals Like Baidu and Yandex But Analyst Sees Search and Ad Growth Holding Strong

BofA Securities analyst Justin Post maintained a Buy rating on Alphabet Inc GOOG GOOGL Google with a price target of $225.Statcounter January data indicates that Google’s global search share was up 5bps month-on-month (down 169bps year-on-year) to 89.8%, while Bing’s share was down 4bps M/M (up 51bps Y/Y) to 3.9%. Others (which include Yandex, Baidu Inc BIDU, and Naver, but not ChatGPT) were up 1bps M/M (up 101bps Y/Y) to 5.0%.Also Read: Monday.com Beats Q4 Earnings Estimates, Boasts 32% Revenue Growth: CEO ...