BMO Capital Markets Issues Positive Forecast for Alphabet (NASDAQ:GOOGL) Stock Price

Alphabet (NASDAQ:GOOGL) had its price objective increased by BMO Capital Markets from $410.00 to $435.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the information services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 17.55% from the company’s current price.

A number of other equities analysts also recently commented on the company. KeyCorp set a $425.00 price objective on Alphabet and gave the stock an “overweight” rating in a research report on Thursday. Roth Mkm boosted their price target on shares of Alphabet from $365.00 to $395.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research report on Monday. Citigroup restated a “buy” rating and issued a $405.00 price objective (up from $390.00) on shares of Alphabet in a report on Tuesday, April 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $385.27.

Alphabet Stock Up 5.7%

Shares of NASDAQ GOOGL opened at $370.05 on Thursday. The stock has a market cap of $4.48 trillion, a P/E ratio of 34.15, a PEG ratio of 2.17 and a beta of 1.12. The business’s fifty day simple moving average is $312.08 and its 200-day simple moving average is $307.27. Alphabet has a 12-month low of $147.84 and a 12-month high of $377.04. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.59 billion. As a group, equities analysts predict that Alphabet will post 11.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares of the company’s stock, valued at $1,187,638.65. This represents a 22.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,037,192 shares of company stock worth $94,182,217. Corporate insiders own 11.55% of the company’s stock.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at $32,000. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter worth about $33,000. PMV Capital Advisers LLC purchased a new position in shares of Alphabet during the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet in the 4th quarter valued at about $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Big earnings beat and strong cloud growth — Alphabet crushed Q1 EPS and revenue estimates, driven by a 63% jump at Google Cloud and accelerating ad/subscription trends, which is the primary reason the stock is up. Earnings Call Transcript
• Positive Sentiment: Analyst price-target lifts — Multiple firms raised targets and kept buy/neutral views (Needham to $450, Truist to $415, Rosenblatt to $393, Pivotal to $470), reinforcing upside expectations and supporting further share gains. Price Target Raises
• Positive Sentiment: Subscription and ad strength — 25M net paid subscriptions added and YouTube ad revenue growth bolster recurring revenue and monetization upside. Subscriptions Article
• Neutral Sentiment: Cloud capacity note — Google Cloud topped $20B revenue but management flagged capacity constraints; strong demand is positive, but capacity limits could cap near-term upside. Cloud Capacity
• Neutral Sentiment: Commercial partnerships & infra build — Deals like Stripe integration and local data-center power agreements support monetization and infrastructure scale. Stripe Deal Data Centers
• Neutral Sentiment: Pentagon/classified AI deal — Granting DoD API access opens a new government revenue channel but carries employee pushback and reputational risk; investors treat it as a mixed strategic win. Pentagon Deal
• Negative Sentiment: Regulatory and governance pressure — Shareholders are pressing for safeguards on cloud/AI usage and the EU is signaling tighter rules on cloud/AI, which could raise compliance costs and constrain some government/enterprise opportunities. Investor Safeguards EU Rules
• Negative Sentiment: Antitrust probe in Switzerland — A probe into alleged keyword-bidding pacts could lead to fines or business restrictions if broadened, adding headline risk for ad-dependent revenues. Switzerland Probe

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.