Alphabet Inc. (NASDAQ:Google) is one of The 10 most profitable stocks in the last 5 years. On October 7, Citizens reaffirmed an outperform market rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $290.
The research firm noted that Alphabet Inc. (NASDAQ:GOOGL) is integrating artificial intelligence into its business. However, analysts noted that the speed of OpenAI product development could be a challenge and that Google will need to accelerate its AI deployment process.
Citizens also warned that ChatGPT’s integration with third parties could mean ChatGPT would have greater control over user experience and content curation, which could impact 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 recognize GOOGL’s potential as an investment, we believe some AI stocks offer greater upside potential and carry less downside risk. If you’re looking for undervalued AI stocks that will also benefit significantly from the Trump-era tariffs and the reshoring trend, check out our free report on Best AI stocks for short term.
Read next: 15 of the best US technology stocks to buy now and 14 small, publicly traded semiconductor companies to invest in now.
Disclosure: None. This article was originally published on The monkey inside.
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