What Do Analysts Think About Alphabet Inc. (GOOGL)?

Alphabet Inc. (NASDAQ:GOOGL) is one of the best long term growth stocks to buy according to hedge funds. Mizuho raised the price target on Alphabet Inc. (NASDAQ:GOOGL) to $365 from $325 on January 9 and reaffirmed an Outperform rating on the share. The firm told investors that it upgraded the price target estimates to reflect its 2026 internet outlook, and that it sees considerable potential sales upside at Google Cloud.

Alphabet Inc. (NASDAQ:GOOGL) also received a rating update from Scotiabank the same day, with the firm raising the price target to $375 from $336 while maintaining an Outperform rating. The firm believes Google to be a structural winner among hyperscalers, and stated that the stock should outperform given its position to benefit from AI monetization.

In addition to Scotiabank, Canaccord Genuity also lifted the price target on Alphabet Inc. (NASDAQ:GOOGL) to $390 from $330 on January 7 and maintained a Buy rating on the shares, telling investors that while it is exercising near-term caution, in part attributed to the stock’s recent run, the firm continues to have high conviction on the company in the long term.

It cited the continual and rapid scaling of the Gemini chatbot, with Similarweb data showing most recently an over 18% rise in Gemini’s share of generative AI web traffic. The firm added that the recently launched Gemini 3 Flash model may prove to be a game-changer by making frontier-comparable performance available at a highly attractive cost.

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.