Alphabet Inc. (GOOGL) Rated as 'Outperform' at Wolfe Research on Solid Growth Record

Alphabet Inc. (NASDAQ:GOOGL) is one of the best Nancy Pelosi stocks to buy right now. On September 30, Wolfe Research reiterated an ‘Outperform’ rating on the stock and a $220 price target, impressed by the stock’s impressive run. The stock is up by more than 50% year-to-date and is trading close to its 52-week high.

The research firm remains confident about the company’s long-term prospects and growth metrics, despite removing it from the list of top near-term stock picks. According to the research firm, the stock has outperformed the overall market in recent weeks.

The $220 price target suggests significant upside potential as the company continues to capitalize on its big brands, Search, YouTube, Google Cloud, among other digital services. Alphabet also continues to expand its AI capabilities with Google AI mode now available in Spanish worldwide.

Alphabet Inc. (NASDAQ:GOOGL) is a multinational conglomerate owning a diverse portfolio of brands, including Google Search, YouTube, and Google Cloud. It functions as a holding company, allowing Google’s core internet services and its separate, more experimental “other bets” to operate with greater independence.

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.