Billionaire Ken Fisher’s 5 Stock Picks with Huge Upside Potential

1. Alphabet Inc. (NASDAQ:GOOGL)

Ken Fisher’s Stake Value: $5.725 billion

Average analyst price target: $153.63

Average analyst price target upside: 16.51%

Alphabet Inc. (NASDAQ:GOOGL) is one of the largest technology companies by revenue and is part of the American Big Five tech. It is headquartered in California.

Alphabet Inc. (NASDAQ:GOOGL) has been covered by 32 analysts in the last three months, and 26 of them keep a Buy rating on the company stock. On November 21, Tigress Financial maintained a Strong Buy rating on Alphabet Inc. (NASDAQ:GOOGL)’s stock and raised its price target to $176 from $172. The revised price target represents an upside of 33.47% from its stock price on December 1.

According to the Insider Monkey database, Alphabet Inc. (NASDAQ:GOOGL) had the highest number of hedge fund investors in the third quarter of 2023. 306 hedge funds had investments worth $72.194 billion in the company.

Atai Capital made the following comment about Alphabet Inc. (NASDAQ:GOOG) in its Q3 2023 investor letter:

“On average, individual stocks experience fluctuations of around 80% in any given year. When we pause to contemplate the fact that every share represents a fractional ownership in an underlying business, this notion that the fundamental value of most enterprises undergoes such substantial swings in a single year is nothing short of ludicrous. Moreover, volatility also disregards price and valuation entirely. For example, in theory, Alphabet Inc. (NASDAQ:GOOG) at $500 could have the same Beta (a measure of volatility) at its current price of $130. In this example, it doesn’t take much common sense to recognize the flaw of using volatility as a measure of risk. Google is undoubtedly a great business, but at $500, it would be significantly more expensive than it is today, carrying a higher level of risk and lower prospective returns. The inverse scenario is applicable here as well, and If Google were to experience a swift 50% decline, a professor would likely tell you it’s now riskier, but I would argue that Google at $65 would represent a remarkable bargain today!”

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