Alphabet Inc. (NASDAQ:GOOGL) ranks among the best most active stocks to buy according to hedge funds. Following recent industry developments, Goldman Sachs restated its Buy rating and $450 price target for Alphabet Inc. (NASDAQ:GOOGL) on May 21.
Analyst Eric Sheridan emphasized Alphabet’s AI advancements over the last few years as the company recently promoted Google I/O 2026, Google Marketing Live, YouTube Brandcast, and The Android Show.
The analyst mentioned investor concerns around capital investment and return on expenditure in both its core advertising and Cloud operations, in addition to the long tail of legacy search ads in a progressively agentic-based user compute environment.
The same day, TD Cowen maintained a Buy rating and a $450 price target for GOOGL shares in light of the tech giant’s I/O developer conference. The firm observed that Alphabet has introduced new artificial intelligence products and provided consumption numbers for existing AI services.
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.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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