Long-Term Stock Portfolio: 10 Best Stocks for 5 Years

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 219

Alphabet Inc. (NASDAQ:GOOGL) is one of the best long-term stocks to buy for the next 5 years. On August 21, Stifel reaffirmed its Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a $222 price target.

This decision to reiterate the Buy rating on Alphabet Inc. (NASDAQ:GOOGL) came after Google’s Made by Google event.

At the event, Google introduced a new lineup of Pixel smartphones and gadgets. Rick Osterloh, Google’s Senior Vice President of Platforms & Devices, talked about the company’s efforts to embed Gemini AI across products.

Stifel pointed out that Pixel devices currently hold about 3% of the market share in the US. However, the event showcased key features like Gemini AI and Agents that can help Pixel devices stand out compared to devices by competitors, especially Apple Inc. (AAPL).

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.