13 Best Big Name Stocks to Buy Now

Page 9 of 12

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 227

Alphabet Inc. (NASDAQ:GOOGL) is among the 13 Best Big Name Stocks to Buy Now. On Friday, JMP Securities upgraded the stock from Market Perform to Market Outperform, while maintaining a price target of $220 per share.

The revision comes as analysts believe artificial intelligence is becoming a new tailwind for the company. They also noted Alphabet Inc. (NASDAQ:GOOGL)’s massive user base, compared to rivals, which is helping drive robust revenue growth.

The firm highlighted how AI Overviews has resulted in a 10% query growth and is expected to expand from 1.5 billion monthly users in the first quarter of 2025 to 4 billion by the end of the third quarter. Analysts also estimate the feature to cover around two-thirds of the queries by the next quarter.

Wall Street analysts maintain a bullish outlook for the stock, with a consensus Buy rating and a one-year average price target of $201.74, representing a 17% upside potential from its current trading value.

Page 9 of 12