Alphabet Inc. (NASDAQ: GOOGL) is one of the Best Cloud Stocks to Buy Now. On November 21, Justin Post of Bank of America Securities reiterated a Buy rating on the stock with a price target of $335. Additionally, on November 19, Evercore ISI’s Mark Mahaney also reiterated a Buy rating on the stock with a price target of $325.
A day earlier, on November 20, CNBC announced that Alphabet Inc. (NASDAQ: GOOGL) launched its latest image generation and editing tool called NanoBanana. According to the report, the new tool is built on the new Gemini 3 Pro, which sent the company’s stock up 5% on November 18 upon its release. Josh Woodward, vice president of Google Labs and Gemini, emphasized that the tool’s potential extends beyond the original rendition, launched in August. The tool is now available in the Gemini app.
In addition, Wall Street analysts have expressed positive sentiment towards the latest Gemini 3 model. For example, BofA’s Post believes that the new model can potentially close the performance gap with other market-leading models. Additionally, on November 17, CNBC reported that DA analyst Davidson called Gemini 3 “a truly solid model,” based on performance testing against AI benchmarks.
Alphabet Inc. (NASDAQ: GOOGL) is a holding company whose main segments include Google Services, Google Cloud and Other Bets.
While we recognize GOOGL’s potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for a hugely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the reshoring trend, check out our free report on the best AI stock in the short term.
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Disclosure: None. This article was originally published on Initiated Monkey.
