Alphabet Inc. (NASDAQ:GOOGL) is a top AI stock, with RBC Capital raising the price target to $375.00. AI ad rollout momentum and a new CTV auction for the Olympics are expected to drive future growth. AI Overviews ads are now fully flowing, with pricing stable despite increased conversion.

The tech giant has reduced customer data requirements for targeting, expanding the SMB total addressable market. A separate CTV product and auction for the Olympics will drive inflation. Analysts see ongoing improvements with AI Mode and AIO ads. The company is expected to extend the auction inflation driver to newer AI surfaces.

Alphabet Inc. (NASDAQ:GOOGL) is a multinational technology conglomerate, including Google. While GOOGL shows investment potential, other AI stocks may offer greater upside and less downside risk. For undervalued AI stocks with potential, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: RBC Raises Alphabet (GOOGL) Target on AI Advertising Momentum