5 Best Stocks to Buy Now for Long Term Growth

2. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 265

Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to buy now for long term growth. Truist lifted the price target on Alphabet Inc. (NASDAQ:GOOG) to $430 from $415 on May 29, maintaining a Buy rating on the shares and telling investors that by looking at recent deals and the backlog, consensus revenue estimates for Google Cloud are “below what they should be”. The firm stated that it believes revenue growth should accelerate throughout 2026 from 63% in fiscal Q1 to the mid-80% area by year-end. However, it also noted that consensus is projecting a deceleration to a percentage in the 50s.

In a separate development, Alphabet Inc. (NASDAQ:GOOG) announced on May 20 a partnership between Google Cloud and Thales, a global leader in high technologies, aimed at establishing a new sovereign cloud solution in Germany. Management stated that the agreement marks a notable step in meeting the German market’s demand for sovereign solutions that protect sensitive data from extraterritorial laws. It further reported that the solution will “live on dedicated infrastructure”, which will be operated and managed by a new German entity fully owned and controlled by Thales.

Alphabet Inc. (NASDAQ:GOOG) is a holding company with segments including Google Services, Google Cloud, and Other Bets. The Google Services segment operates various services and products, including Android, Google Maps, Google Play, Chrome, Search, and YouTube.

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