10 AI Stocks You Need to Watch: News & Ratings

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On March 19, Roth MKM kept a “Buy” rating on the shares with a $220 price target. The rating update comes after the company’s $32B Wiz acquisition. This acquisition is the largest in Google’s history and beats its previous $12.5B purchase of Motorola Mobility.

The analyst told investors in a research note that this deal represents a significant event ahead of potentially rising competition in the AI cloud market as cybersecurity offerings become essential “table stakes” for hyperscalers aiming to secure both human and machine data and workloads. Wiz is anticipated to reach $1B in annual recurring revenue in 2025.