10 Best Stocks to Buy for the Next 3 Months

4. Alphabet Inc. (NASDAQ:GOOGL)

No. of Hedge Fund Holders: 234

Upside Potential: 33.75%

Alphabet Inc. (NASDAQ:GOOGL) is a pioneer of the tech sector, a multinational conglomerate delivering a wide array of digital products and platforms across global markets. Its portfolio consists of Google Services, Google Cloud, and Other Bets. The Google Services division includes Search, YouTube, Android, Chrome, and Gmail, alongside hardware devices and digital content sales via Google Play. The Google Cloud segment focuses on enterprise solutions, including AI infrastructure, cybersecurity, and data analytics, while the Google Workspace suite includes Gmail, Docs, and Meet. Lastly, the Other Bets segment explores innovative ventures, primarily in healthcare and internet services as well as automated driven vehicles (AV).

Alphabet Inc. (NASDAQ:GOOGL)’s earnings report for the final quarter of 2024 showed a revenue of $96.47 billion, up 11.77% YoY, but missed analysts’ estimates by $119.79 million, while EPS was $2.15, above estimates by just $0.02. Operating income was reported at $31 billion and net income of $26.5 billion, up 28% and 31%, respectively.

It is worth noting that Alphabet Inc.’s (NASDAQ:GOOGL) DeepMind is a leader in AI, Waymo SW is the leading self-driving vehicle company in the market, and its YouTube and Android smartphones dominate their respective markets. It is no wonder that the company trades at a P/E of ~20x. GOOGL is among the best stocks to buy.