KeyBanc Keeps an Overweight Rating on Alphabet Inc. (GOOG)

After attending Alphabet Inc. (NASDAQ:GOOG)'s Google I/O 2025 event, KeyBanc is upbeat on the tech giant's AI initiatives.

The bank kept a $195 price target and an Overweight rating on the name.

Alphabet Inc. (GOOG)'s AI Projects

Gemini 2.5, Alphabet Inc. (GOOG)'s most recent AI initiative, is being offered in conjunction with its AI Mode to users of its search engine, KeyBanc noted. The integration of these products will boost the search engine's usage data and result in additional monetization opportunities for Alphabet Inc. (GOOG), according to the bank.

Moreover, the company's AI offerings, taken together, are likely to appeal to many consumers and professionals, KeyBanc believes.

Additionally, its AI initiatives could reduce worries about the outlook of its search revenue, according to the bank.

The Recent Price Action of GOOG Stock

In the last month, the shares have gained 8%, while they have dropped 9% in the last three months.

While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.