5 Best Streaming Stocks To Buy Now

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 196

Alphabet Inc. (NASDAQ:GOOGL) is one of the world’s largest and most successful technology conglomerate companies, with Google as its major holding company. Google’s search engine is the most widely used search engine in the world. The company also offers a range of other products and services, including email, cloud storage, maps, advertising, and hardware products. Google TV is a streaming platform that provides a range of tv shows and movies on smart TV and other streaming devices.

On November 30, 2022, James Lee, an analyst at Mizuho, reduced his price target on Alphabet Inc. (NASDAQ:GOOGL) to $135 while keeping a Buy rating on the stock. The analyst believes that the street is too optimistic about the stock, and Alphabet Inc. (NASDAQ:GOOGL) needs to announce a cost reduction plan in order to meet expectations.

As per Insider Monkey’s database, 196 hedge funds had stakes in Alphabet Inc. (NASDAQ:GOOGL) at the end of the third quarter.