5 Best Stocks To Buy Right Now

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In this article, we will discuss the 5 best stocks to buy right now. If you want to explore similar stocks, you can also take a look at 10 Best Stocks To Buy Right Now.

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 153

Alphabet Inc. (NASDAQ:GOOG) is one of the most innovative companies in the world and is constantly releasing new products and services. The stock is currently trading at a PE multiple of 18x and is offering an optimal buying opportunity for investors. The company has a trailing twelve-month operating margin of 29.65% and an ROE of 29.22%. In addition to being profitable and efficient at making profits for shareholders, Alphabet Inc. (NASDAQ:GOOG) also has a strong cash position. The company has free cash flows of $65 billion.

On October 25, KeyBanc analyst Justin Patterson revised his price target on Alphabet Inc. (NASDAQ:GOOG) to $120 from $125 and reiterated an Overweight rating on the shares. This October, Deutsche Bank analyst Benjamin Black adjusted his price target on Alphabet Inc. (NASDAQ:GOOG) to $130 from $135 and maintained a Buy rating on the shares.

At the end of Q2 2022, 153 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOG) and held stakes worth $22.29 billion in the company. As of June 30, TCI Fund Management is the most prominent investor in Alphabet Inc. (NASDAQ:GOOG) and has stakes worth $5.4 billion in the company.

Here is what Ensemble Capital Management had to say about Alphabet Inc. (NASDAQ:GOOG) in its third-quarter 2022 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) (-12.2%): While Google’s advertising business has been far more resilient than the overall online ad industry, second quarter results showed slowing demand. After starting the year hiring at a 20% annualized growth rate, Google has greatly slowed hiring as online advertising demand has slowed abruptly.”

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