12 Best Communication and Media Stocks to Buy Now

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​1. Alphabet Inc. (NASDAQ:GOOGL)

Market Capitalization: $3.43 trillion

Analyst Upside: 16.08%

Number of Hedge Fund Holders: 219

​Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Justin Post from Bank of America Securities maintained a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $335. On the same day, Mark Mahaney from Evercore ISI also reiterated a Buy rating on the stock with a $325 price target.

​The positive outlook follows the company’s release of the Gemini 3 model, which resulted in a 3% stock price increase on November 19. The new model comes after around 8 months of Gemini 2.5. Management noted that the new version is better at understanding complex problems and also does not require as many prompts to understand the context of the queries.

​Analysts at D.A. Davidson called the latest model “genuinely strong model” and “the current state-of-the-art” on November 17, after they tested the model and analysed its performance against AI benchmarks. CNBC reported that the analysts said,

​“We’d go as far to say that this latest model from [Google DeepMind] meaningfully moves the frontier forward, with capabilities that in certain areas far exceed what we’ve typically come to expect from this generation of frontier models.”

​In addition, Justin Post from Bank of America Securities noted that the recent Gemini model is expected to close the performance gap with the company’s competitors and drive engagement across the company’s platforms.

​​​Alphabet Inc. (NASDAQ:GOOGL) is a holding company with major segments including Google Services, Google Cloud, and Other Bets.

While we acknowledge the potential of GOOGL to grow, 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 GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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