Alphabet (GOOGL): The Best Strong Buy S&P 500 Stock to Invest In

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Strong Buy S&P 500 Stocks to Invest In.

On May 4, 2026, Citizens analyst Andrew Boone raised the price target on Alphabet Inc. (NASDAQ:GOOGL) to $515 from $385 and maintained an Outperform rating. Andrew Boone cited accelerating growth across Search, Cloud, YouTube, and subscriptions, adding that vertical integration and efforts to commercialize TPUs position the company to benefit from AI demand by expanding its addressable market and leveraging cost and compute advantages.

On April 30, 2026, Roth Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $435 from $395 with a Buy rating, citing a “strong” Q1 beat and broad-based momentum tied to AI adoption.

RBC Capital also increased its price target to $425 from $400 and maintained an Outperform rating, describing results as “rock solid,” with 19% Search growth and 63% growth in Google Cloud, where backlog nearly doubled sequentially to $460B.

Alphabet (GOOGL): The Best Strong Buy S&P 500 Stock to Invest In

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On April 29, 2026, Alphabet Inc. (NASDAQ:GOOGL) reported Q1 EPS of $5.11 versus $2.67 consensus and revenue of $109.9B compared to $107.03B expected. CEO Sundar Pichai said the company is off to a “terrific start,” highlighting “19% revenue growth” in Search, “63%” growth in Cloud, and paid subscriptions reaching 350 million, with AI investments driving usage and platform activity.

Alphabet Inc. (NASDAQ:GOOGL) operates Google Services, Google Cloud, and Other Bets across global markets.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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