(GOOGLE) Is One of the Best Strong Buy Growth Stocks to Buy According to Hedge Funds?

Alphabet Inc.(NASDAQ:GOOGL) is the best-buy growth stock according to hedge funds.On January 14, RBC Capital maintained Alphabet Inc.(NASDAQ:GOOGL) reiterated a buy rating and set a price target of $375.(NASDAQ:GOOGL) on January 13 rose to $370 from $335 […]

According to hedge funds, Alphabet Inc.(NASDAQ:GOOGL) is one of the best-buy growth stocks with a strong buy bias.(NASDAQ:GOOGL) reaffirmed its Buy rating and set a price target of $375.(NASDAQ:GOOGL) raised its price target from $335 to $370 on January 13 and maintained its Buy rating on the stock.Ratings Update Alphabet Inc. (NASDAQ:GOOGL) and Apple announced a multi-year partnership under which the next generation of Apple Foundation Models will be based on Google's Gemini Models and cloud technology.

In a joint statement released by the two companies on January 12, Apple said it believes Google's AI technology will provide the "most capable foundation" for Apple's Foundation models, adding that other future Apple intelligence features will work on those models, including Personal Siri, which will launch this year.According to Reuters data published on the same day, the latest deal will set Google as the default search engine on Apple devices, generating not only traffic for Google, but tens of billions in revenue for Apple.Changed to "useful" setting.

BofA also mentioned the partnership between Google and Walmart announced at NRF on Sunday, which aims to bring Walmart's inventory into the Gemini app using Google's Universal Shopping Protocol.According to BofA, the Apple and Walmart deal warrants more and provides strong evidence of the attraction of Google's Gemini capabilities.

Alphabet Inc. (NASDAQ: GOOGL) is a wholly owned subsidiary, including Google services, Google Cloud and other businesses.Google Services runs many services and products, including Android, Google Maps, Google Play, Chrome, Search and YouTube.

While we recognize GOOGL's potential as an investment, we believe some AI stocks offer greater upside potential and have less risk.If you're looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and land trends, check out our free report on the best short-term AI stocks.

Read more: 30 stocks that should double in three years and 11 hidden AI stocks to buy now

Disclosure: None.This article was originally published on Insider Monkey.