Alphabet Inc. (NASDAQ:GOOGL) is one of the High Flying AI Stocks This Week. On August 5, DA Davidson analyst Gil Luria reiterated a Neutral rating and $180.00 price target on the stock.
According to the firm, the only way forward for Alphabet stock is a complete breakup so that investors are free to choose and invest in businesses that they actually want. This will position the businesses as competitors to Netflix, AWS/Azure, Nvidia, OpenAI, The Trade Desk , and Tesla.
“We continue to believe the only way forward for Alphabet is a complete breakup that would allow investors to own the businesses they actually want — the top competitors to NFLX, AWS/Azure, NVDA, OpenAI, TTD and TSLA. In this report we focus on the Waymo business, which we believe would be worth $16/share on its own. We remain NEUTRAL rated, but would see GOOGL as the top mega cap pick if it proceeded with a complete break-up.”
An individual investor discussing their portfolio with a wealth and asset management services client advisor.alti
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.
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Disclosure: None.