TD Cowen Sees Upside in Alphabet (GOOGL) With Rising GenAI Adoption

Group 1: Company Performance and Analyst Ratings - Alphabet Inc. has been identified as a key AI stock, with TD Cowen raising its price target from $240 to $270 while maintaining a Buy rating [1] - The 2025 GenAI Public Cloud Survey indicates that Google Cloud Platform (GCP) is the second choice for companies considering additional cloud providers [1] Group 2: Market Position and Competition - GCP has shown solid performance but still trails behind market leaders Amazon Web Services (AWS) and Microsoft Azure, with GCP awareness at 80% compared to 94% for AWS and 93% for Azure [2] - In the Enterprise group, GCP awareness is stronger at 88%, while other business groups range from 70% to 80% [2] Group 3: Generative AI Landscape - Google's Gemini ranks as the second most popular generative AI large language model (LLM) provider, with 54% of respondents using it, up from 50% in the previous year's survey [3] - OpenAI remains the top choice for LLM providers at 73%, although it has seen a decline from 82% in the prior year, suggesting a shift towards a broader range of LLM providers [3]