Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 7, Citizens reaffirmed its Market Outperform rating on Alphabet Inc. (NASDAQ:GOOGL) with a $290 price target.
The research firm pointed out that Alphabet Inc. (NASDAQ:GOOGL) is integrating AI across its business. However, the analysts noted that OpenAI’s speed of product development could present a challenge and Google would need to speed up its own rollout of AI.
Citizens also cautioned that ChatGPT’s integration with third parties could mean that ChatGPT will have increased control over user experience and content curation, which could influence retail media.
Alphabet Inc. (NASDAQ:GOOGL) is a global technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best American Tech Stocks to Buy Right Now and 14 Small Publicly Traded Semiconductor Companies to Invest in Now.
Disclosure: None. This article is originally published at Insider Monkey.
