Wedbush Raises PT on Alphabet Inc. (GOOGL) to $350 From $320, Keeps an Outperform Rating

Alphabet Inc. (NASDAQ:GOOGL) is one of the most widely held stocks by hedge funds in 2025. On December 19, Wedbush analyst Scott Devitt lifted the price target on Alphabet Inc. (NASDAQ:GOOGL) to $350 from $320 while maintaining an Outperform rating on the stock. The firm told investors that consumer internet companies delivered solid returns in the year, averaging 23% across 24 covered companies compared to 19% for the NASDAQ. Wedbush expects performance to diverge in 2026, with investors taking into account factors such as the rising adoption of agentic AI, AI monetization, ongoing investment cycles, and AV disruption.

Alphabet Inc. (NASDAQ:GOOGL) also received a rating update from Bank of America Securities analyst Justin Post on December 18, who reiterated a Buy rating on the stock and set a price target of $335.00.

In a separate development, Alphabet Inc. (NASDAQ:GOOGL) reported on December 9 that Google Cloud announced that the Chief Digital and Artificial Intelligence Office (CDAO) selected its Gemini for Government as the first enterprise AI deployed in the U.S. Department of War (DoW)’s GenAI.mil to 3 million civilian and military personnel.

Gemini for Government is an AI-optimized, enterprise-grade platform uniting industry-leading AI models,  best of Google’s FedRAMP High and DoW Impact Level 5 (IL5) authorized commercial cloud, and agentic solutions that support the unclassified business processes of government agencies.

Alphabet Inc. (NASDAQ:GOOGL) is a holding company with segments including Google Services, Google Cloud, and Other Bets. The Google Services segment operates various services and products, including Android, Google Maps, Google Play, Chrome, Search, and YouTube.

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.