Alphabet Is ‘Most Valuable Company’ on AI Strength, Moffett Says

Alphabet Inc. trails behind a few other megacap technology companies in size, but the Google parent may be destined to overtake them given its strong position in artificial intelligence and other key sectors, according to MoffettNathanson.

The “combination of market leadership, diversification, and scale positions Alphabet not only as a winner in the GenAI era but as a company that should rightly be considered for the title of most valuable company in the world,” wrote analyst Michael Nathanson.

Nathanson raised his price target on the stock to $295 from $230 and affirmed a buy rating touting its “clear leadership in ...