Alphabet Inc. (NASDAQ: GOOGL) is highlighted as one of the top AI stocks to watch, with Truist Securities raising its price target to $350.00, citing strong holiday momentum and Waymo expansion. The firm predicts record high US e-commerce and digital ad spending this season due to a robust job market and AI-enhanced advertising.

The price target increase for Google reflects higher advertising revenues during the holiday season and improved long-term expectations for Other Bets, driven by Waymo’s expansion. The firm has raised its FY26 price target to $350 from $320, emphasizing the positive impact of Waymo’s expansion into more cities.

Alphabet Inc. (NASDAQ: GOOGL) is an American multinational technology conglomerate, owning Google and other businesses. While GOOGL shows investment potential, some AI stocks offer greater upside potential and less downside risk. For an undervalued AI stock poised to benefit from Trump-era tariffs and the onshoring trend, check out the best short-term AI stock.

For more on AI stocks making headlines, explore “10 AI Stocks Making Headlines on Wall Street” and “12 Must-Watch AI Stocks on Wall Street.” Note: None.

Read more at Yahoo Finance: Truist Raises Target on Alphabet (GOOGL) to $350 on Holiday Ad Strength and Waymo Upside