14 AI Stocks Catching Wall Street’s Attention

4. 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 April 10, Oppenheimer lowered the firm’s price target on Alphabet (GOOGL) to $185 from $225 and kept an “Outperform” rating on the shares. According to the firm, the modelling tariffs are going to be temporary except for China, and will most likely impact Q2 results.

Its macro ad forecast assumes advertisers will prioritize flexibility, performance, and measurability, with social media budgets to be most at risk. Therefore, the firm presumes Alphabet (GOOG) to be the most protected. The firm views risk/reward in the following order: Alphabet, Pinterest, Trade Desk, and Meta. Moreover, it believes the latter will still be getting an AI premium despite greater exposure to discretionary spending and China-based sellers.