Citizens Sees Upside Potential in Alphabet as YouTube's Influence Grows

Citizens Financial Group is bullish on Alphabet Inc., citing YouTube's growing strength in the streaming market as a key growth driver. Analyst Andrew Boone believes that YouTube's large user base and competitive edge could boost revenue growth and provide additional upside for Alphabet's stock.

Boone described the trend as a 'flywheel' effect, where YouTube reaches more viewers, attracting more partners, which further strengthens the platform. This creates a major advantage, making it harder for standalone streaming apps to compete.

Alphabet's products still offer more upside beyond YouTube, with Boone highlighting the company's strong lineup of products and services as another reason investors may continue to place a premium on the stock.