TD Cowen Maintains “Buy” on Alphabet (GOOG), Cites Company’s Strong Growth Trajectory

With significant hedge fund interest, Alphabet Inc. (NASDAQ:GOOG) secures a spot on our list of the 11 best AI infrastructure stocks to buy right now.

TD Cowen Maintains “Buy” on Alphabet (GOOG), Cites Company’s Strong Growth Trajectory

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On November 13, 2025, Alphabet Inc. (NASDAQ:GOOG) saw the reiteration of a “Buy” rating by TD Cowen’s John Blackledge, who set a $335 price target. The analyst’s bullish stance was driven by an impressive growth trajectory of Waymo, the company’s autonomous vehicle business. The company’s business surpassed one million monthly rides in California, while expanding its service areas, reflecting robust demand for its services. Furthermore, the segment’s growth outlook remains strong, with the company planning to launch in seven new cities by 2026, increasing its weekly paid rides to one million by the end of 2026.

Blackledge also cited Waymo’s potential to increase the average trip distance and introduce freeway access in key cities. Furthermore, the analyst believes Alphabet Inc. (NASDAQ:GOOG) looks well-positioned to capitalize on the growing autonomous vehicle market, with plans to expand into new markets such as Miami, Washington, D.C., and London.

Meanwhile, on October 29, 2025, Alphabet Inc. (NASDAQ:GOOG) released Q3 2025 results, reporting $102.3 billion in revenue, an increase of 16% YoY. Earnings per share rose 35% to 2.87, thanks to standout performance from Google Cloud, which reported $15.2 billion in revenue, growing 34% YoY, due to a surge of over 200% in AI-related services. The segment reported margin expansion from 17.1% to 23.7%, thanks to increased adoption of AI infrastructure by enterprise customers. Furthermore, the company reported a 46% quarter-over-quarter growth in its cloud backlog, signaling strong momentum in its pipeline.

Facing immense capital expenditure pressure, Alphabet Inc. (NASDAQ:GOOG) raised its full-year 2025 guidance from $85 billion to $91-$93 billion due to a surge in AI infrastructure demand. The company expects further increases in 2026.

Alphabet Inc. (NASDAQ:GOOG), known for its Google search engine, offers various products and platforms through its Google Services, Google Cloud, and Other Bets segments.

While we acknowledge the potential of GOOG 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 GOOG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.