Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Fundamentally Strong Stocks to Buy Now.
On May 15, Oppenheimer analyst Jason Helfstein lifted the firm’s price objective on the company’s stock to $445 from $425 and kept an “Outperform” rating
Notably, the firm highlighted increased GCP estimates as the 28x 2027 EPS multiple is unchanged. The firm expects more capacity unlock for Alphabet Inc. (NASDAQ:GOOGL) through the balance of 2026. In a different update, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) sold 576.5 billion yen ($3.6 billion) in yen-denominated bonds.
This is the largest-ever issue by a foreign company. For the company, it is the first yen-denominated debt issue. It has sought to diversify its funding sources.