Alphabet Inc. (NASDAQ:GOOGL) is one the Top 10 AI Stocks in Focus on Wall Street. On February 17, Citizens analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $385.00 price target. According to the firm, artificial intelligence is expanding the Total Addressable Market for search by enabling to cover more types of queries and inferring more commercial intent from information questions.
We are going to continue to shout from the rooftops that AI is expanding the TAM for search…
Pixabay/Public Domain
The firm said that retail media budgets may be switching over to Search as agentic search matures, further stating its belief that Google can sustain search growth in the teens.
Net/net, we believe Google can sustain search growth in the teens (if not 20%+).
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
