From Nasdaq:

Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) stock surged after news of potential collaboration with Apple for AI tools on iPhones. Wedbush raised price target to $175, predicting a 17% gain. Alphabet boasts vast data for AI training, strong monetization potential, and steady sales and profit growth. Is Alphabet a buy?

Google’s dominant position in search gives it a scale advantage in AI, projecting strong growth. Analysts forecast 16% earnings growth annually, possibly underestimated based on past sales and profit growth rates. Alphabet stock, though not cheap, is secure in ads, with good AI potential, warranting a premium.

Investors considering Alphabet should note it wasn’t on Motley Fool’s 10 best stocks list. However, Stock Advisor service outperformed S&P 500 since 2002. With potential for monster returns, Stock Advisor offers guidance on portfolio building and regular stock picks. Alphabet director Suzanne Frey is a Fool board member.



Read more at Nasdaq: Is Alphabet Stock Going to $175? 1 Wall Street Analyst Thinks So.