Citi raises price target on Alphabet based on strong YouTube and search data

From Yahoo Finance: 2025-06-29 12:53:00

Alphabet Inc. (NASDAQ:GOOGL) is considered one of the best fundamental stocks to buy according to hedge funds, with Citi maintaining a Buy rating and raising the price target to $203 based on strong Search and YouTube data. YouTube boasts over 1 billion hours of TV viewing daily and 12.5% share of US viewing time.

Advertisers are paying attention to evolving search habits, with ChatGPT reaching 603 million monthly active users in May. YouTube Shorts now receives over 200 billion views daily, up from 70 billion in September 2023. Alphabet Inc. (NASDAQ:GOOGL) holds a dominant position in markets like Google ads, Search, and YouTube.

While Alphabet Inc. (NASDAQ:GOOGL) shows promise, other AI stocks offer greater upside potential with less downside risk. For undervalued AI stock options, check out the free report on the best short-term AI stock. Explore more investment opportunities like the 10 Best Magic Formula Stocks for 2025 and the 10 Best Retirement Stocks to Buy According to Hedge Funds.



Read more at Yahoo Finance: Citi Raises Price Target on Alphabet Amid Strong YouTube, Search Data