Evercore ISI Raises PT on Alphabet (GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Monopoly Stocks to Buy Now. On October 30, Evercore ISI lifted the price target on the company’s stock to $325 from $300, while keeping an “Outperform” rating, as reported by The Fly.

As per the analyst, the company’s Q3 2025 results were strong, significantly surpassing expectations throughout key metrics, with a healthy boost from AI advancements. Alphabet Inc. (NASDAQ:GOOGL)’s consolidated revenues in Q3 2025 rose 16%, or 15% in constant currency, YoY to $102.3 billion. Notably, Google Search & other, YouTube ads, Google subscriptions, platforms, and devices, and Google Cloud each saw double-digit growth in Q3 2025.

Alphabet Inc. (NASDAQ:GOOGL), which is leveraging AI throughout its core segments to fuel sustainable growth, is proving to be a high-quality compounder, believes the firm’s analyst. Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud revenues rose 34% to $15.2 billion, led by growth in Google Cloud Platform throughout core products, AI Infrastructure, and Generative AI solutions. The company highlighted that its full-stack approach to AI has been delivering healthy momentum.

Renaissance Investment Management, an investment management company, released its Q3 2025 investor letter. Here is what the fund said:

“Alphabet Inc. (NASDAQ:GOOGL) also contributed after reporting solid operating results with broad-based momentum across all its operating segments. Improving user engagement has driven an acceleration in digital advertising growth with no signs that AI is negatively impacting the company’s search business. Despite increasing investments in artificial intelligence, Alphabet has been one of the few companies that has demonstrated the ability to monetize AI applications. Also helping sentiment is a favorable court ruling that will not require the company to divest its Chrome and Android 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. This article is originally published at Insider Monkey.