{"id":111851,"date":"2025-11-02T19:44:17","date_gmt":"2025-11-02T19:44:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/111851\/"},"modified":"2025-11-02T19:44:17","modified_gmt":"2025-11-02T19:44:17","slug":"bank-of-america-stays-bullish-on-alphabet-googl-as-ai-leadership-strengthens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/111851\/","title":{"rendered":"Bank of America Stays Bullish on Alphabet (GOOGL) as AI Leadership Strengthens"},"content":{"rendered":"\n

Alphabet Inc. (NASDAQ:GOOGL<\/a>) is one of the AI Stocks on the Market\u2019s Radar<\/a>.\u00a0On October 30, Bank of America reiterated the stock as \u201cBuy\u201d and raised its price target on the stock to $335 per share from $280 following earnings.<\/p>\n

\u201cWe see Alphabet as well positioned long term with leading AI technology to apply to search, YouTube and Cloud businesses.\u201d<\/p>\n

Analysts at the firm believe that Google is well-positioned for artificial intelligence due to its advanced models, proprietary TPU technology, and huge user base.<\/p>\n

The firm also believes there may be several beneficiaries arising from its growing AI capabilities. Meanwhile, long-term projects such as Waymo and quantum computing aren\u2019t yet reflected in the company\u2019s valuation.<\/p>\n

\"\" <\/p>\n

Google<\/p>\n

\u201cWe believe results will reinforce the view that: 1) Google is well positioned for AI with a leading LLM, proprietary TPU technology and massive user base, and 2) there can be multiple beneficiaries from growing AI capabilities. Also, early-stage bets like Waymo and quantum computing offer meaningful long-term optionality, not reflected in valuation. At AH price of ~$294 stock is valued at 24x our \u201927 EPS, (vs S & P 22x), in line with historical premium despite a big AI growth cycle ahead. Next catalyst: Gemini 3.0 launch in 4Q. Risk: OpenAI\u2019s ads launch in 2026 could intensify competition.\u201d<\/p>\n

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.<\/p>\n

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<\/a>.<\/p>\n

READ NEXT: 11 Must-Watch AI Stocks on Wall Street<\/a> and 10 AI Stocks in the Spotlight This Week.<\/a><\/p>\n

Disclosure: None.<\/p>\n","protected":false},"excerpt":{"rendered":"Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks on the Market\u2019s Radar.\u00a0On October 30, Bank of America…\n","protected":false},"author":2,"featured_media":111852,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,36959,343,344,6184,133,85,46,125],"class_list":["post-111851","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alphabet-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-bank-of-america","tag-google","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/111851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=111851"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/111851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/111852"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=111851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=111851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=111851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}