#1 - Alphabet (NASDAQ:GOOG)
Alphabet (NASDAQ:GOOG) is the parent company of Google. And when you purchase shares of GOOG stock, you’re buying much more than a social media company. However, in the category of wise purchases, you can put Google’s $1.6 billion purchase of YouTube in 2006 near the top of the list.
YouTube was one of the original social media platforms and home to the “How To” videos that became ubiquitous as the digital generation came of age. Today, YouTube is the second most visited site in the world. However, it’s become a stand-alone entertainment platform in its own rite. In fact, the company has a partnership with the National Football League with its YouTube TV network.
According to analysts, GOOG stock still has about a 10% upside from its current level. As one of the only companies with a market cap of over $1 trillion, your investment is going to cost a pretty penny. But, it also looks like one of the safest investments you can make. And for those that put weight on such things, GOOG stock is a favorite of ARK’s Cathie Wood who earlier this year placed it on her list of the 10 best stocks to buy and hold for 5 years.
About Alphabet
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Read More - Current Price
- $170.29
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $165.67 (2.7% Downside)
