5 Best Big Company Stocks to Buy

4. Alphabet Inc. (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) is a California-based tech holding company that has investments in artificial intelligence (AI), infrastructure, data, analytics, and more.

On February 1, Alphabet Inc. (NASDAQ:GOOGL) reported that Google inked its biggest offshore wind project in the Netherlands. The company will add more than 700 megawatts of clean energy capacity to the grids of Europe.

On January 31, BMO Capital analyst Brian Pitz raised the price target on Alphabet Inc. (NASDAQ:GOOGL)’s stock to $178 from $170 and kept an Outperform rating. In the research note, the analyst dubbed the company as the best-positioned one among its AI competitors.

First Pacific Advisors stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its fourth quarter 2023 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) continued going from strength to strength during 2023 despite concerns that competition may infringe on the company’s dominant position in Search. Thus far, Alphabet has continued to hold its own, and we look forward to seeing how the company incorporates further AI developments across the Alphabet ecosystem. Lastly, we are hopeful that the impending arrival of a new CFO will bring a renewed focus on efficiency – an area where we believe Alphabet has ample room for improvement.”

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