Here's My Top "Magnificent Seven" Stock for Long-Term Investors to Buy Right Now
The "Magnificent Seven" stocks have dominated investing headlines recently, as this exclusive group of megacap companies are in a league of their own and have mostly delivered strong performance recently.
While Nvidia (NASDAQ: NVDA) has certainly been the most exciting Magnificent Seven stock to watch so far in 2024, and Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) have been in a two-way race for the title of the largest market cap in the U.S. stock market, I wouldn't be surprised if the best performer in the Magnificent Seven over the next five to 10 years was Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG)
Alphabet is best known for its Google subsidiary, and for good reason. In addition to the Google Search business, which is dominant in its industry, Google also has Gmail, Maps, Chrome, YouTube, and the Android mobile operating system, just to name a few. These collectively are known as the Google Services business. In fact, I've used four different Google products in the process of writing this article. This is a massive business that generates a ton of reliable, high-margin income.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 92 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 15.07% compared to the current price of 153.82 € for Alphabet Inc. A.
