Alphabet Inc. (NASDAQ:GOOG) is identified as one of the best growth stocks to invest in for 2026. BMO Capital raised the price target to $343, citing a bullish outlook for Google Cloud and an expected 40% growth in the first quarter of the next year.

Papua New Guinea announced Google’s selection to build three new undersea fiber-optic cables, funded by the Australian government under the Pukpuk Treaty. This $120 million initiative, known as the Pukpuk Connectivity Initiative, aims to enhance digital infrastructure in PNG’s northern and southern regions.

On December 11, Piper Sandler raised Alphabet’s price target to $365 due to significant revenue from Google’s AI-enhanced advertising suite. RBC Capital analyst Brad Erickson maintained a Buy rating with a $315 price target on December 15.

Alphabet Inc. (NASDAQ:GOOG) operates through Google Services, Google Cloud, and Other Bets segments, offering products and platforms globally. While GOOG is recognized as a solid investment, other AI stocks may offer greater upside potential and less downside risk.

For more investment insights, consider exploring opportunities in undervalued AI stocks in our free report. Disclosure: None. This article was originally published at Insider Monkey.

Read more at Yahoo Finance: BMO Capital Boosts Google Cloud (GOOG) Outlook as Enterprise AI Adoption Hits Rapid Acceleration