Citizens JMP Reiterates Market Outperform on Alphabet (GOOGL) With $225 PT

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Analysts Say You Shouldn’t Ignore. On August 25, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $225.00 price target. The firm talked about a recent update to Google’s most powerful AI search experience, the AI mode.

“With this update, AI Mode is now offering personalized responses based on conversation history and past searches to offer more relevant results. Combining Google’s existing data may enable Google to offer more relevant responses while personalized history may create switching costs for chat bots over time as we continue to look for moats in AI beyond brand preference and distribution.”

Citizens JMP Reiterates Market Outperform on Alphabet (GOOGL) With $225 PT

Photo by Firmbee.com on Unsplash

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.

READ NEXT: 10 Must-Watch AI Stocks for Investors and 10 AI Stocks Hit with New Analyst Ratings

Disclosure: None.