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Alphabet Inc. (NASDAQ:GOOG) is providing investors with "growth at a superb price," prominent investor Jim Lebenthal asserted recently on CNBC.
A frequent guest on the network, Lebenthal is a partner at Cerity Partners. He manages clients' U.S. equity portfolios.
Another guest on the same CNBC segment, Brian Belski, was also very bullish on GOOG.
Both Lebenthal and Belski own Alphabet Inc. (NASDAQ:GOOG).
Belski is BMO Capital's chief investment strategist.
Alphabet Inc. (NASDAQ:GOOG) Has Many Positive Attributes and a Low Valuation, Lebenthal Says
Google "is a verb," and GOOG also has "moon shots," while it is "reducing its share count" through share buybacks, the investor stated.
Moreover, the name is changing hands at a low valuation of 17 times analysts' average forward earnings estimate for the company, Lebenthal noted.
Why Belski is Bullish on Alphabet Inc. (NASDAQ:GOOG)
Many "unicorn" tech companies are using Alphabet's AI, Belski reported.
Secondly, the investor does not expect consumers to stop using Google despite the advent of AI models.
And finally, Belski is very upbeat on Alphabet Inc. (NASDAQ:GOOG)'s YouTube business, asserting that it "is just as big as Netflix (NFLX)."
While we acknowledge the potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOG and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.