10 Buzzing AI Stocks on Wall Street

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 219

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Buzzing AI Stocks on Wall Street. On September 25, MoffettNathanson reiterated the stock as “Buy” stating that Alphabet is emerging as an AI winner. According to the firm, Alphabet may become the largest company in the world as it overtakes rivals in artificial intelligence, driven by growth and profits from its generative AI initiatives.

“We reiterate our Buy rating on Alphabet and raise our target price by $65 to $295, based on a 24.4x multiple of our 2027E EPS estimate.”

In the firm’s report headlined, “Alphabet: World’s Most Valuable Company,” MoffettNathanson acknowledged how the title is not a statement of the present, but “of what we believe should be.”

A “combination of market leadership, diversification and scale positions Alphabet not only as a winner in the GenAI era but as a company that should rightly be considered for the title of most valuable company in the world,” analyst Michael Nathanson wrote. Since early July, “the landscape has decidedly shifted further in Alphabet’s favor,” Nathanson wrote Thursday. “Alphabet emerges as one of the net winners in the AI race and remains the best positioned company to monetize and scale GenAI opportunities.”

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.