Wedbush analysts included Alphabet (NASDAQ:GOOGL) stock in the ‘Best Ideas List’ and increased their price target to $175 from $160.

The analysts argue that the structural concerns surrounding Google Search are exaggerated and believe that Alphabet is poised to significantly benefit from generative AI.

They pointed out Alphabet’s distinct advantage due to its extensive access to diverse datasets for training AI models across text, images, and videos. The company’s strong engagement across Google Search, YouTube, Android, its advanced AI-optimized computing infrastructure with custom silicon (TPUs), exceptional engineering talent, and proven monetization strategies are key factors reinforcing its position.

The analysts view Alphabet as a long-term leader in the digital advertising space, with widespread exposure and a solid grasp on the overall media spending market.

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