Citizens Sees More Upside for Alphabet (GOOGL) on AI-Powered Search and GCP Acceleration

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Making Waves on Wall Street. On October 22, Citizens reiterated its Market Outperform rating on the stock with a $290.00 price target. The firm is optimistic that AI and cloud tailwinds can extend growth momentum.

In particular, the firm cited AI improvements to the company’s search functionality and Google Cloud Platform (GCP) as growth catalysts. GCP, it noted, could accelerate as additional data center capacity becomes available.

“Despite shares being up 70% in the last six months, we believe there is more room to go as AI is improving search and GCP can further accelerate as more data center capacity comes online. To that end, we expect Google to report strong 3Q25 results that are ahead of us and consensus as we reiterate our Market Outperform rating and $290 price target.”

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.