Goldman Sachs Remains Bullish on Alphabet (GOOGL) Ahead of Q3 Earnings

With significant hedge fund interest, Alphabet Inc. (NASDAQ:GOOGL) secures a spot on our list of the 13 best Fortune 500 stocks to invest in now.

Goldman Sachs Remains Bullish on Alphabet (GOOGL) Ahead of Q3 Earnings

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On October 15, 2025, Goldman Sachs increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $234 to $288, maintaining a “Buy” rating.

The investment firm’s price revision comes ahead of Alphabet Inc. (NASDAQ:GOOGL)’s third-quarter earnings. Goldman Sachs cited the company’s strong positioning as one of the most AI-leveraged companies in the digital advertising space. This view has gained investor attention, as the company’s share price has increased by 50% since the last earnings preview, the firm added, according to TipRanks.

Furthermore, the firm included growing adoption of Alphabet Inc. (NASDAQ:GOOGL)’s Gemini app, sustained strength in core Search, and a more favorable-than-expected outcome in the ongoing Search antitrust case as key growth drivers.

On the previous day, Alphabet Inc. (NASDAQ:GOOGL) announced that it is looking to invest $15 billion to establish its first Artificial Intelligence hub in Visakhapatnam, India.

The project, which will span from 2026 to 2030, will boast gigawatt-scale data center operations, new large-scale energy sources, and an expanded fiber-optic network. To enhance connectivity on India’s eastern coast, Alphabet Inc. (NASDAQ:GOOGL) plans to build a major international subsea gateway, which will extend existing landings in Mumbai and Chennai.

Alphabet Inc. (NASDAQ:GOOGL), a global technology conglomerate, is known for its core businesses including Search, YouTube, Android, Chrome, and Google Cloud Platform.

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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