10 Buzzing AI Stocks on Wall Street

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 243

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Buzzing AI Stocks on Wall Street. On December 1st, Guggenheim raised its price target on the stock to $375.00 from $330.00, while maintaining a “Buy” rating. Analysts at the firm are optimistic about the company’s AI-led monetization and cloud momentum through 2026, stating that the stock has room to run higher.

According to analyst Michael Morris, the most scaled companies in his coverage are the best positioned to drive investor returns and vast growth next year.

“We expect Alphabet to outperform consensus estimates and see additional relative multiple expansion on further investor confidence that artificial intelligence–driven changes in the business, advertising and consumer marketplaces are expansion opportunities.”

Particularly for Google, three key developments support the firm’s bullish outlook; exceptional cloud backlog growth backed by accelerating enterprise AI demand, YouTube’s continued dominance in streaming viewership, and Google Gemini’s emergence as a leading AI platform.

Guggenheim acknowledged how recent share appreciation reflects positive sentiment, but believes that market may still be underestimating Google’s revenue potential.

“We see a plausible bull case at Cloud that would indicate consensus under-appreciates run-rate revenue potential by ~ $40bn based on backlog growth.”

The firm has raised its 2026 and 2027 revenue and profit estimates for GOOGL supported by upward revisions to Google Cloud segment revenue and further margin expansion.

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