Alphabet Inc. (GOOGL) Touted as AI-Driven Search Winner as Analysts See TAM Expansion

Alphabet Inc. (NASDAQ:GOOGL) is one the Top 10 AI Stocks in Focus on Wall Street. On February 17, Citizens analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $385.00 price target. According to the firm, artificial intelligence is expanding the Total Addressable Market for search by enabling to cover more types of queries and inferring more commercial intent from information questions.

We are going to continue to shout from the rooftops that AI is expanding the TAM for search…

Alphabet Inc. (GOOGL) Touted as AI-Driven Search Winner as Analysts See TAM Expansion

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The firm said that retail media budgets may be switching over to Search as agentic search matures, further stating its belief that Google can sustain search growth in the teens.

Net/net, we believe Google can sustain search growth in the teens (if not 20%+).

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 potential of GOOGL to grow, 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 GOOGL 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.