#5 - Alphabet (NASDAQ:GOOGL)
Alphabet (NASDAQ:GOOGL) is not a dividend darling. But the company continues to build shareholders equity. In the summer of 2019, Alphabet announced plans to buy back $25 million of stock. For some analysts, this was a step in the right direction for a company they have been critical of for focusing too much on stock-based compensation for its employees and not enough on its shareholders.
But maybe this is a preview of things to come. Alphabet for sure is looking towards the future. Many analysts are concerned about the possibility of the company coming under regulatory fire. This, in turn, is causing speculation that the company could start seeing declining ad revenue from internet search.
That, however, is a battle for another day. What makes Alphabet compelling is that they are pivoting into areas such as artificial intelligence and cloud computing. In fact, the company is forecasting much of its future growth to come from three AI initiatives: mobile assistants, health care, and driverless cars.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Read More - Current Price
- $164.76
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 35 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $205.90 (25.0% Upside)
