Alphabet (GOOGL) Reiterated as Buy With Price Target Raised to $280 by Citi

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks You Should Not Ignore. On September 15, Citi reiterated the stock as “Buy” and raised its price target on the stock to $280 per share from $225.

In an investor note, the firm stated that the company will introduce new products faster driven by greater regulatory clarity and that the online advertising market remains healthy.

The firm also anticipates Gemini adoption across Google’s advertising and cloud businesses to accelerate.

“Given our view that Google’s product velocity is ramping amid greater clarity around its legal and regulatory challenges in what we believe is a relatively healthy online advertising market (particularly for performance-based networks), we are raising our projections and TP on shares of Google to $280.”

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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