Wall Street Bullish on ​Alphabet Inc. (GOOGL) Since the Release of Gemini 3

​Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Justin Post from Bank of America Securities maintained a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $335. On the same day, Mark Mahaney from Evercore ISI also reiterated a Buy rating on the stock with a $325 price target.

​The positive outlook follows the company’s release of the Gemini 3 model, which resulted in a 3% stock price increase on November 19. The new model comes after around 8 months of Gemini 2.5. Management noted that the new version is better at understanding complex problems and also does not require as many prompts to understand the context of the queries.

​Analysts at D.A. Davidson called the latest model “genuinely strong model” and “the current state-of-the-art” on November 17, after they tested the model and analysed its performance against AI benchmarks. CNBC reported that the analysts said,

​“We’d go as far to say that this latest model from [Google DeepMind] meaningfully moves the frontier forward, with capabilities that in certain areas far exceed what we’ve typically come to expect from this generation of frontier models.”

​In addition, Justin Post from Bank of America Securities noted that the recent Gemini model is expected to close the performance gap with the company’s competitors and drive engagement across the company’s platforms.

​​​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.