Alphabet (GOOGL) Needs a Breakup to Unlock Full Value, Says DA Davidson

Alphabet Inc. (NASDAQ:GOOGL) is one of the High Flying AI Stocks This Week. On August 5, DA Davidson analyst Gil Luria reiterated a Neutral rating and $180.00 price target on the stock.

According to the firm, the only way forward for Alphabet stock is a complete breakup so that investors are free to choose and invest in businesses that they actually want. This will position the businesses as competitors to Netflix, AWS/Azure, Nvidia, OpenAI, The Trade Desk , and Tesla.

“We continue to believe the only way forward for Alphabet is a complete breakup that would allow investors to own the businesses they actually want — the top competitors to NFLX, AWS/Azure, NVDA, OpenAI, TTD and TSLA. In this report we focus on the Waymo business, which we believe would be worth $16/share on its own. We remain NEUTRAL rated, but would see GOOGL as the top mega cap pick if it proceeded with a complete break-up.”

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

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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