Alphabet (GOOGL) Among Our Good Stocks to Buy Now

Alphabet Inc. (NASDAQ:GOOGL) is among our Good Stocks to Invest in Now. The stock has gained more than 13% over the past 6 months, and the Street expects more than 18% upside from the current levels.

​Recently, on June 9, TD Cowen analyst John Blackledge raised his price target on Alphabet Inc. (NASDAQ:GOOGL) from $450 to $475, maintaining a Buy rating on the shares. The analyst noted that the updated price target is based on the firm’s Google Cloud’s gigawatt capacity and AI revenue outlook.

The firm now expects Google’s data center capacity to grow more than tenfold between 2022 and 2031, driven by surging demand from both enterprise and consumer AI applications. Moreover, the firm also sees the company’s cloud profit margins rising steadily with time. The analyst noted that he expects the Street’s estimates for Alphabet to move higher in the coming quarters as the market better appreciates the scale of the company’s AI infrastructure buildout.

​That said, during the fiscal first quarter of 2026, the company delivered $109.9 billion in revenue, reflecting a 22% year-over-year increase and EPS of $5.11, significantly beating the expectations of $2.63. During the quarter, Google Cloud revenue accelerated 63% year-over-year to $20 billion, while Search revenue increased 19% during the same time.

Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.

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