Alphabet Inc. (NASDAQ:GOOGL) ranks among the best stocks to buy for the next 6 months. JPMorgan maintained its Overweight rating and $232 price target on Alphabet Inc. (NASDAQ:GOOGL) on July 28. With recent investor discussions centered on the impending court ruling about remedies in the search commercial agreement issue, the bank noted that Alphabet has emerged as “one of the most debated stocks” in its coverage universe.
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Despite acknowledging that “the exact nature and financial implications of the remedy remain difficult to predict,” JPMorgan anticipates the judge’s ruling to be made public by August 8.
The firm thinks this uncertainty explains why Alphabet Inc. (NASDAQ:GOOGL) shares had a relatively subdued response to its second-quarter results release, climbing only 1% in comparison to the S&P 500, which remained flat.
That said, JPMorgan reiterated its ongoing strong outlook on Alphabet’s stock by calling the company’s most recent quarterly performance “a defining quarter” despite the legal haze.
Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, offering products such as Google Ads, Google Chrome, Google Cloud, Search, and YouTube, holding a dominant position in each of these markets.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
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