Oppenheimer Lifts PT on Alphabet (GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) is one of the Most Promising AI Stocks to Buy Right Now. On October 20, Oppenheimer lifted the price target on the company’s stock to $300 from $270, while keeping an “Outperform” rating, as reported by The Fly. While the firm remains optimistic about the long-term benefits from Meta’s push into AI and proven ability to outgrow its competitors, it is more bullish on Alphabet Inc. (NASDAQ:GOOGL) for the near term. This optimism is backed by more conservative estimates and lower valuation despite not fully monetizing AI Mode or AI Overviews.Oppenheimer Lifts PT on Alphabet (GOOGL) Stock

In a separate release, analyst John Blackledge from TD Cowen exhibited optimism about the company’s stock. This optimism is mainly focused on the strategic expansion of Alphabet Inc. (NASDAQ:GOOGL)’s partnership with Anthropic. Notably, the collaboration enhances Google Cloud’s capacity significantly, offering Anthropic with significant compute resources, which include access to a large number of Alphabet Inc. (NASDAQ:GOOGL)’s tensor processing unit chips. The analyst believes that the development is anticipated to fuel increased demand for Google Cloud services, cementing its market position.

Bristlemoon Capital, a global equities firm, released its Q3 2025 investor letter. Here is what the fund said:

“Alphabet Inc. (NASDAQ:GOOGL) is another stock that we felt had been undeservedly beaten down by a bearish narrative that largely ignored the fundamentals of the business. We began accumulating GOOGL in June and continued adding to our position in Q3 as we waited for the market narrative to flip on its head. Alphabet needs no introduction, so we will jump straight into why we thought the AI disruption and terminal value fears were overblown.

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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.

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