Gemini 3 Launch Reinforces Alphabet (GOOGL)’s AI Edge, Says KeyBanc

Alphabet Inc. (NASDAQ:GOOGL) is one of the  AI Stocks Making Moves on Wall Street. On November 19, KeyBanc maintained its Overweight rating on the stock with a $330.00 price target. Analysts at the firm believe that Google’s Gemini 3 launch and full stack AI strength are key drivers of competitive and financial upside.

Google launched the latest version of its artificial intelligence model Gemini on Tuesday, November 19. CEO Sundar Pichai has described it to be the “most intelligent model” in a company blog post.

With Google’s full stack approach to AI creating meaningful advantages for Google, the latest to prove this worth has been Gemini 3, the analysts note.

“The Full Stack Advantage Is Bearing Fruit; Google has long emphasized its full stack approach to AI creating meaningful advantages.”

The AI model is proving this by setting new records, powering AI mode in Search, and offering a better coding experience. Analysts believe Google has the potential to roll out AI tools while generating robust returns.

“In our view, Google is demonstrating it can make AI tools broadly available to consumers, developers, and enterprises concurrently while delivering attractive financial returns. We maintain our OW rating and $300 PT (24.5x 2027E P/E).”

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

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Disclosure: None.