India has become one important destination for big Big Tech. Applehas already announced its plans and Googlethe main division of Alphabet-Ait has made last Thursday at a regular event for India where they announced the start of production of its Pixel 8 mobile device in the aforementioned country by 2024.
This will be done in partnership with global companies that already have facilities in South India.
“India is a priority market for Pixel smartphones and we are committed to bringing the best of our hardware and underlying integrated software features to people across the country,” he said. Rick Osterloh, senior vice president of devices and services at Google.
Other announcements for India
Apart from announcing its manufacturing plans in India, Google also announced plans to let Indian users book tickets from the Google Maps app and? Google Pay is partnering with an Indian non-bank lender, DMI Finance, for small merchant loans starting at 15,000 rupees ($180).
India has one increased demand for small personal loans. Which has also caused concern in its central bank.
The Indian market is key for Google, then Most mobile devices run on Android.
He Hindu Prime Minister Narendra Modi welcomed Google’s plans to open one global fintech operations center in Gujarat International Finance Tec-City (GIFT) during one virtual meeting last week with Alphabet CEO Sundar Pichai.
Although Google has too antitrust disputes in India like theirs alleged abuse of position in the Android market.
What do the analysts say?
According to Tip rankAlphabet has review by 34 analysts divided into 30 buys and 4 teams. The average price target is $151.06 with a high forecast of $200 and a low forecast of $125.. The average price target represents a change of 11.40% from Friday’s close.
Alphabet-AIt closed Friday down at $135.30. The moving average of the 70-period moving average remains below the recent candles, the RSI is down to 48 points and the MACD lines remain above the zero level.
Intermediate support is at $126.39. Meanwhile, the Ei indicators are mixed.