Alphabet (GOOGL) Gets PT Boost From Piper Sandler on AI Ad Momentum

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks in the Spotlight for Investors. On December 11, Piper Sandler raised its price target on the stock to $365.00 from $330.00 while maintaining an “Overweight” rating. Analysts hold a positive outlook on the stock based on revenue impact from AI ad tools despite valuation stretch.

Piper Sandler revealed findings from its AD buyer survey, noting how Search is taking share of digital budgets for the first time in 3 years. Google’s return on investment remains robust, with Performance Max (Pmax) and Gemini acting potent in driving incremental revenue for the company.

Google Performance Max (PMax) is an AI-powered campaign in Google Ads, whereas Gemini is Google’s family of advanced, multimodal AI models.

“Impressive fundamentals indeed, but everyone agrees: GOOGL’s multiples are up ~50% in the last year. We boost estimates & raise PT to $365, reiterate OW.”

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.