Loop Capital Upgrades Alphabet Inc. (GOOGL) To Buy, Raises PT

​Alphabet Inc. (NASDAQ:GOOGL) is one of the Most Profitable Stocks to Buy Now. On November 18, Rob Sanderson from Loop Capital Markets upgraded Alphabet Inc. (NASDAQ:GOOGL) from Hold to Buy and also raised the price target from $260 to $320.

​The analyst noted that the concerns regarding AI taking up Google’s search revenue are diminishing. He noted the company’s search revenues to be as healthy as ever, supported by AI overviews and the new AI mode feature. In addition, the firm highlighted that the traffic share of Gemini has doubled year-over-year, along with an improved market position for Google Cloud and proprietary AI processors.

Earlier on October 29, Alphabet Inc. (NASDAQ:GOOGL) released its fiscal Q3 2025 results, which topped estimates. The company grew its revenue by 15.95% year-over-year to $102.35 billion, surpassing estimates by $2.21 billion. Moreover, the EPS of $2.87 also topped consensus by $0.61. Management attributed growth to double-digit growth across its major businesses. During the quarter, Google Services revenues increased 14% to $87.1 billion, while Google Cloud revenues increased 34% to $15.2 billion, driven by growth in Google Cloud Platform.

​​Alphabet Inc. (NASDAQ:GOOGL) is a holding company with major segments including Google Services, Google Cloud, and Other Bets.

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.