Alphabet Class A ( (GOOGL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Alphabet Class A continues to ride a powerful AI and cloud-driven rally, with shares up about 66% year-to-date and outperforming its fellow “Magnificent 7” stocks. The launch of Google’s Gemini 3 AI model has eased investor fears that generative AI could cannibalize its core Search business, instead reinforcing Alphabet’s dominance in search while boosting interest in its broader AI capabilities. Additional momentum comes from rising AI-related demand for Google Cloud and reports that Meta Platforms is considering using Google’s in-house Tensor Processing Units (TPUs) in its data centers, underscoring the strategic value of Alphabet’s chip investments.
Wall Street remains broadly positive on Alphabet Class A. BMO Capital’s Brian Pitz recently raised his price target to $343 and kept a Buy rating, citing stronger-than-expected Google Cloud growth into late 2025 and early 2026. Truist’s Youssef Squali also reiterated a Buy, naming Alphabet among his favorite internet stocks for 2026 thanks to solid fundamentals, AI-powered product improvements, and what he sees as compelling valuations. In a separate development highlighting ongoing product innovation, Google has quietly begun rolling out a long-awaited feature that lets users change their @gmail.com address without losing any data or services, a user-friendly move that could deepen engagement across the Google ecosystem. Overall, Alphabet Class A carries a Strong Buy consensus rating from analysts, with an average price target around $327.42 implying modest further upside from current levels.