Donald Trump Stock Portfolio: 5 Stocks Owned by the President

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 288

Alphabet Inc. (NASDAQ:GOOGL) is among the 8 Stocks Owned by President Donald Trump in his Stock Portfolio. As of the close of business on March 30, the stock is a Strong Buy with an average share price upside potential of 38%.

Recent updates include Needham’s analyst Laura Martin maintaining a Buy rating on the stock on March 27, with a $400 price target. This is a reiteration of the firm’s adjustment in February when it lifted the price target from $330 following the company’s fourth-quarter results.

On the same day, Wells Fargo raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $397 from $387 and kept an Overweight rating. Analyst Ken Gawrelski said that the stock has room to gain as it is well placed to emerge as an AI leader. He was quoted as saying the following in a research note to clients:

“GOOGL has all the pieces necessary to be an AI winner, with an industry-leading capacity position to support internal efforts (Search, Gemini) and monetize externally through GCP, broad distribution network, and vast consumer data. We’re more comfortable with Google’s competitive position in search, given progress with AI mode and Gemini adoption, and overall see AI as TAM expanding.”

On March 11, the tech giant announced that it had completed its $32 billion acquisition of cloud and artificial intelligence security platform Wiz, which will see it join Google Cloud, while maintaining its brand. Wells Fargo believes the takeover is set to bolster Google Cloud’s platform revenue and operating income in fiscal 2026 and 2027.

Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms, including Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.