Piper Sandler Raises PT on Alphabet (GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Big Company Stocks to Buy Right Now. On June 1, Piper Sandler analyst Thomas Champion lifted its price objective on the company’s stock to $445 from $425 and kept an “Overweight” rating on the shares. The firm released its first analysis of citations data throughout searches in Google’s AI Overview and AI Mode. Notably, the AI-assisted search continues to expand rapidly.

Piper Sandler Raises PT on Alphabet (GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) is leading citation share, thanks to the YouTube and Google properties. Furthermore, the step-function growth in citations since early 2025 remains in line with the commentary from the management that AI Mode has been resulting in queries 3 times longer compared to the traditional search. Also, the queries are at an all-time high.

According to the firm, the AI search expansion happens to be the most positive for Alphabet Inc. (NASDAQ:GOOGL), Reddit, and Meta. Only some companies remain dominant content sources in the broader AI-assisted search environment.

Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.

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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