#1 - Alphabet (NASDAQ:GOOGL)
It would be irresponsible to leave Alphabet (NASDAQ:GOOGL) off this list. The parent company of the ubiquitous search engine has a massive $1.7 trillion market cap. GOOGL stock is up 47% in 2021 making it the odds on favorite for the best FAANG stock of 2021. Out of 43 analysts that cover Alphabet, 42 give the stock a buy rating.
If you want to look at Alphabet as a play on digital advertising, I won’t stop you. “Google” has become a verb after all. But investors who are paying over $2,000 a share for the stock are looking at the company for its optionality.
Simply put, Alphabet is placing bets in all of the major sectors that will be part of the “new economy” such as its Google Cloud service. I’m not suggesting that Alphabet is a major player areas such as data, machine learning, AI, etc. However, they don’t have to be. At this point, simply hitting on one or two will keep this growth stock humming along.
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
- $166.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 35 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $205.90 (23.9% Upside)
