10 Best Stocks to Buy Now For the Long Term

2. Alphabet Inc. (NASDAQ:GOOGL)

10-Year Sales Growth: 18.16%

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL) is an international technology holding company that offers a range of products and services through its Google Services, Google Cloud, and Other Bets segments. It is also one of the leading players in artificial intelligence and enterprise solutions.

The company has demonstrated significant growth in its search business leading to a Buy rating from BofA with a $225 price target. The bullish sentiment stems from the company’s disclosure that it now processes over 5 trillion annual searches, up from 2 trillion in 2016, reflecting a compound annual growth rate of 12% in search volume and 19% in search revenue over the same period. The rise in search volume and improved monetization strategies have significantly boosted Alphabet Inc.’s (NASDAQ:GOOGL) search revenue. This includes higher commercial query volumes and better ad targeting.

In addition, the company is also launching new AI features such as Circle to Search, AI Overviews, and Visual Search via Google Lens to improve the overall search experience. It is one of the best stocks to buy for long term.