Alphabet Inc. (NASDAQ:GOOGL) is one of the 12 Stocks Most Bought by Hedge Funds in Q1 2026. On May 21, Goldman Sachs reiterated its Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $450 on the stock.
Analyst Eric Sheridan highlighted the company’s progress in AI progress over the past several years following a series of major events, including Google I/O 2026, Google Marketing Live, YouTube Brandcast, and The Android Show. Alphabet Inc. (NASDAQ:GOOGL) showcased a range of new products, services, and features across several businesses, including Search, YouTube, Gmail, Maps, Workspace, Google Cloud, Android, Pixel, and Gemini.
The company said it is working to integrate Gemini AI capabilities across its consumer and enterprise services to improve the user experience. Sheridan noted that investors continue to discuss the level of spending required and return on spend through the company’s core advertising and cloud businesses. The analyst also pointed to concerns about the search advertising business of Alphabet Inc. (NASDAQ:GOOGL) in an increasingly agentic-driven consumer compute environment.
Despite these debates, Goldman Sachs pointed out that Google is continuing to increase the pace of AI innovation across its businesses. The firm pointed to the announcements and updates presented during the recent company events.
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. It specializes in areas like AI, cloud computing, and hardware.
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