Alphabet (NASDAQ:GOOGL – Get Free Report) had its price target boosted by stock analysts at New Street Research from $380.00 to $450.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the information services provider’s stock. New Street Research’s target price would suggest a potential upside of 17.66% from the stock’s previous close.
Several other research firms have also issued reports on GOOGL. Cantor Fitzgerald increased their target price on Alphabet from $395.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a report on Monday. Bank of America boosted their price target on shares of Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday. DZ Bank reissued a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. Finally, Truist Financial raised their price objective on shares of Alphabet from $385.00 to $415.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $400.46.
Read Our Latest Research Report on GOOGL
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Equities research analysts forecast that Alphabet will post 12.94 EPS for the current year.
Insider Buying and Selling
In other news, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the sale, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. This represents a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 191,053 shares of company stock valued at $58,845,206. 11.61% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GOOGL. Avion Wealth boosted its stake in shares of Alphabet by 2.8% during the 1st quarter. Avion Wealth now owns 4,669 shares of the information services provider’s stock worth $1,342,000 after purchasing an additional 128 shares during the last quarter. CAP Partners LLC lifted its position in Alphabet by 24.0% during the first quarter. CAP Partners LLC now owns 2,899 shares of the information services provider’s stock worth $834,000 after buying an additional 561 shares during the period. LGT Fund Management Co Ltd. increased its holdings in shares of Alphabet by 171.0% during the 1st quarter. LGT Fund Management Co Ltd. now owns 412,813 shares of the information services provider’s stock worth $118,709,000 after buying an additional 260,497 shares during the last quarter. Global Assets Advisory LLC increased its holdings in Alphabet by 1.1% in the 1st quarter. Global Assets Advisory LLC now owns 20,913 shares of the information services provider’s stock valued at $6,014,000 after purchasing an additional 222 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Alphabet by 1.3% in the 1st quarter. International Assets Investment Management LLC now owns 58,694 shares of the information services provider’s stock valued at $17,455,000 after purchasing an additional 746 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analyst boost — Citizens analyst Andrew Boone raised his price target on Alphabet from $385 to $515 and kept an Outperform rating, signaling stronger upside expectations. Analysts revise Google stock price target
- Positive Sentiment: Historic April driven by cloud and AI — Zacks reports Alphabet logged its best month since 2004 on cloud and AI strength, drawing ETF flows that spotlight the company’s growth story. How Alphabet Clocked a Historic April: ETFs in Focus
- Positive Sentiment: Waymo funding surge — Heavy VC activity in AVs this year funneled the largest share to Waymo, which raised $16B in February, supporting long-term optionality for Alphabet’s autonomous-vehicle play. Big money is betting the self-driving future belongs to a small club
- Positive Sentiment: Strong cloud metrics — Analysis highlights Google Cloud’s 63% YoY growth in Q1 and a backlog near $460B, underscoring durable revenue acceleration and enterprise demand. Alphabet Is Outgrowing Amazon and Microsoft Where It Matters Most — Why This Makes Alphabet Stock a Buy
- Neutral Sentiment: Bullish write-ups and buy-case summaries are circulating, adding retail/institutional interest but largely restating the same growth thesis. Is Alphabet Inc. (GOOGL) A Good Stock To Buy Now?
- Neutral Sentiment: Sector positioning notes: communication-services ETFs are highly concentrated in the top names, which can amplify GOOGL moves but also increases sector risk. Concentration Risk High as Top Two Stocks Steer U.S. Communication Services ETF Performance
- Negative Sentiment: Capex and leverage caution — Zacks also flags rising capex and debt levels tied to AI infrastructure, which could weigh on margins or investor sentiment despite revenue strength. How Alphabet Clocked a Historic April: ETFs in Focus
- Negative Sentiment: Data-center constraints — Denmark’s pause on new grid connections highlights broader energy and permitting risks for large-scale data-center expansion, a potential headwind for cloud growth plans. Denmark faces data center reckoning as power grid overwhelmed by surging demand
- Negative Sentiment: Corporate/headline risks — Industry layoff debates and a small director sell ($37,842) add governance and sentiment noise; these items can temper an otherwise bullish momentum trade. Is Big Tech’s $725B AI splurge being funded by mass layoffs? Alphabet Director Sells $37,842.00 in Stock
About Alphabet
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.
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