Starter Stock Portfolio: 5 Safe Stocks To Buy

3. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 152

Alphabet Inc. (NASDAQ:GOOG) has been under pressure in 2023 amid threats from Microsoft Corporation (NASDAQ:MSFT)’s Bing on the back of AI features the Redmond software company led by Satya Nadella is integrating with its search engine. But several Wall Street analysts have said Alphabet Inc. (NASDAQ:GOOG) has no significant risk in the search business. The latest such comment came from Mark Kelley at Stifel who resumed covering Alphabet Inc. (NASDAQ:GOOG) with a Buy rating and a $130 price target. While the analyst said the latest demos of the Bing AI capabilities have been impressive, he does not see a “monumental shift in consumer behavior, or Search ad spend shifts.”