Truist Raises Alphabet's (GOOGL) Price Target, Keeps Buy Rating

Alphabet Inc. (NASDAQ:GOOGL) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. On July 24, Truist Securities increased its price target for Alphabet Inc. (NASDAQ:GOOGL) from $200 to $225 while keeping a “Buy” rating.

This decision came after what Truist analysts see as a “solid execution across the board” in Alphabet Inc.’s (NASDAQ:GOOGL) Q2 2025 results. The company reported impressive growth in Search, YouTube, and Cloud services. The firm also noted that rising competition in AI and macroeconomic uncertainty did not seem to negatively affect the company’s performance.

Truist Securities highlighted increased user engagement and ad monetization from Alphabet Inc.’s (NASDAQ:GOOGL) AI-powered search features and YouTube Shorts. The firm expects these trends to continue in the second half of 2025.

The research firm pointed out that Alphabet Inc. (NASDAQ:GOOGL) remains a leader in AI technology. Truist analysts believe that AI will expand the total addressable market for Search and Cloud services, which can fuel long-term growth for the company and help drive its stock price higher.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.

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.