10 Best Safe Stocks To Buy According to Analysts

3. Alphabet Inc. (NASDAQ:GOOGL)

Analyst Upside as of December 9, 2024: 20%

10-Year Revenue Growth Rate: 18.2%

Number of Hedge Fund Holders: 202

Alphabet’s (NASDAQ:GOOGL) ranks third on our list of the safest stocks to buy according to analysts. The company posted solid performance in Q3 2024, driven by its growing demand for search and cloud due to artificial intelligence. The company has also been penetrating the AI sector with significant investments in robust AI infrastructure, top-notch research teams, and a large network of products and platforms.

Aligning with its strategy, Alphabet Inc. (NASDAQ:GOOGL) is ensuring that its existing customers benefit thoroughly from the advent of AI. Recently, the company revealed that new Chromebooks would now come with built-in artificial intelligence features. On the shopping front, Alphabet Inc. (NASDAQ:GOOGL) launched a new artificial intelligence tool to help consumers pick the right products. In addition to that, in an impressive feat, the company’s YouTube total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time.

As of Q3 2024, all products and services with more than 2 billion monthly users use Gemini models. Extending beyond its products, Alphabet Inc. (NASDAQ:GOOGL) is also working to offer Gemini more broadly to developers. Overall, Alphabet Inc. (NASDAQ:GOOGL) is a prominent name in AI and cloud, contributing to its ranking. Analysts are also bullish on the stock and their high price target represents an upside of 40% from current levels.