5 Best Stocks To Invest In Right Now

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 196

Headquartered in Mountain View, California, Alphabet Inc. (NASDAQ:GOOGL) is an American multinational conglomerate company that owns Google LLC. A majority of the company’s revenues are generated from Google through running online ads.

On November 23, 2022, Andrew Boone, an analyst at JMP Securities, reduced his price target on Alphabet Inc. (NASDAQ:GOOGL) to $132 while keeping an Outperform rating on the stock. The analyst is expecting digital advertising to recover in Q3 of next year.

As per Insider Monkey’s proprietary database, 196 hedge funds were bullish on Alphabet Inc. (NASDAQ:GOOGL), as of the end of the third quarter.