Evercore Reiterates Outperform on Alphabet (GOOGL), Calls It a Top Pick

Alphabet Inc. (NASDAQ:GOOGL) is one of the Exciting AI Stocks to Watch Right Now. On September 8, Evercore ISI reiterated the stock as “Outperform” and raised its price target on the stock to $300 from $240. The firm said that Alphabet stock remains a top pick.

In an investor note, the firm stated how Google’s share as the primary search engine has declined from previous surveys whereas ChatGPT has been gaining traction.

However, the company’s dominance in commercial-intent search cases such as in shopping and travel are largely unaffected. This reflects minimal revenue growth impact.

“In the wake of our sixth quarterly proprietary Search survey, we are reiterating our GOOGL Outperform rating and raising our PT from $240 to $300 (24X our ’27 EPS of $12.75, which is 5% above Street).”

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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