20 Trending AI Stocks on Latest Analyst Ratings and News

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. As the company prepares to defend ad business practices at an antitrust trial, Wall Street analysts continue to be cautiously optimistic on the shares. Morgan Stanley recently lowered the price target on the stock to $190 from $205 and kept an Overweight rating, noting that the tech giant maintains its monopoly in two product markets – general search services and general search text advertising – through its exclusive distribution agreements. Per the advisory the three primary issues the DOJ and judge are focused on solving through remedies include competitive intensity, data scale advantages and anti-competitive pricing.

In the investor note, Morgan Stanley analysts detailed that they had examined four reasonable outcomes from the trial against Alphabet Inc. (NASDAQ:GOOG), and estimates suggested that FY28 EBIT impacts from these scenarios would range from plus 15% to negative 23%. However, the advisory cautioned that long-term uncertainty would keep the stock’s multiple lower and range-bound.