13 Best Cloud Stocks to Buy Now

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​2. Alphabet Inc. (NASDAQ:GOOGL)

Market Capitalization: $3.50 billion

Analyst Upside Potential: 14.01%

Number of Hedge Fund Holders: 219

​Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Cloud Stocks to Buy Now. On November 21, Justin Post from Bank of America Securities reiterated a Buy rating on the stock with a $335 price target. In addition, on November 19, Mark Mahaney from Evercore ISI also reiterated a Buy rating on the stock with a $325 price target.

​A day earlier, on November 20, CNBC reported that Alphabet Inc. (NASDAQ:GOOGL) launched its latest image-generating and editing tool called NanoBanana. According to the report, the new tool is built on the newly launched Gemini 3 Pro, which led the company’s stock 5% higher on November 18 with its release. Vice President of Google Labs and Gemini, Josh Woodward, noted that the tool’s potential extends beyond the original interpretation, which was launched in August. The tool is now available in the Gemini App.

​In addition, Wall Street analysts have expressed positive sentiment on the latest Gemini 3 model. For instance, Post from BofA believes the new model can potentially close the performance gap with other leading models in the market. Moreover, on November 17, CNBC reported D.A. Davidson’s analyst called Gemini 3 a “genuinely strong model,” based on performance tests against AI benchmarks.

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

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