Loop Turns Bullish on Alphabet (GOOGL): ‘Wall of Worry Obliterated Under Waves of AI Enthusiasm’

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Analysts are Tracking Closely. On November 18, Loop upgraded the stock to “Buy” from Hold and raised its price target to $320.00 from $260.00. The firm believes that the wall of worry for Alphabet shares has been “obliterated” and that investors are less concerned about AI cannibalization of search. Analysts also noted that Google search results “remain as healthy as ever” with benefits from AI Overviews and AI Mode features. Moreover, traffic share to ...