10 Best Predictive Analytics Stocks to Invest in Now

5. Alphabet Inc. (NASDAQ:GOOGL)

Analyst upside as of November 11, 2024: 16%

Alphabet Inc. (NASDAQ:GOOGL) is one of the biggest technology companies in the world that ranks fifth on our list of the best predictive analytics stocks to invest in. It owns a range of products, including Google Search, Google Maps, YouTube, Google Cloud, and Waymo.

The company is a pioneer in data analytics and has been making use of predictive metrics in Google Analytics for years now. Alphabet Inc. (NASDAQ:GOOGL) offers a range of solutions where predictive analytics comes into play. For example, its data science solution consists of a complete suite of data management, analytics, and machine learning tools that help entities garner insights from data and generate value. In addition to that, its marketing analytics solution helps companies significantly improve the overall customer journey and experience using crucial insights from existing data.

Businesses can use the myriad of tools available at Alphabet Inc. (NASDAQ:GOOGL) to simply develop machine-learning models that are able to recognize and identify patterns in datasets and provide crucial insights to entities. On the AI front, BigQuery, Google’s AI-optimized data analytics platform is developed to make data analysis easier and faster. Users can create large language models using enterprise data without having to copy or move data from elsewhere to someplace else.

Overall, Alphabet’s (NASDAQ:GOOGL) breadth of tools and expertise is challenging to replicate, positioning the company as one of the leaders in data management and analytics. Analysts also favor the stock and their median price target implies an upside of 16% from current levels, as of November 11.

Polen Capital Polen Focus Growth Strategy stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q3 2024 investor letter:

“Alphabet Inc. (NASDAQ:GOOG) and Amazon were also top absolute detractors. Alphabet’s better-than-expected results were overshadowed by an adverse ruling related to the U.S. Department of Justice’s (“DoJ”) anti-trust case against the company. We expected an adverse ruling and are monitoring potential remedies recommended by the DoJ and subsequently ruled on by the judge. This will likely take a few years to play out; in the meantime, we see many mitigating factors that the company can pursue to protect its competitive position and growth. We trimmed our positions in Alphabet and Microsoft by 1.5% each to fund the purchase of Oracle. They both remain top five holdings at the new weights.”