Alphabet Inc. (NASDAQ:GOOGL) is one of the Trending AI Stocks on Wall Street. On August 4, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $225.00 price target.
In a note issued to investors, Citizens JMP expressed their positive outlook toward the stock. It noted that Google has a significant opportunity to streamline corporate accesses, improving its financial performance.
The rating comes amid Google navigating itself in the technology landscape while managing its operational efficiency.
Google “which has long had opportunity to streamline corporate excesses as 2026 could see higher incremental profitability beyond the increase in depreciation and infrastructure costs.”
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
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: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Gaining Attention on Wall Street.
Disclosure: None.
