Bank of America Increases Alphabet (NASDAQ:GOOGL) Price Target to $430.00

Alphabet (NASDAQ:GOOGL) had its price objective lifted by equities research analysts at Bank of America from $370.00 to $430.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the information services provider’s stock. Bank of America‘s price target would indicate a potential upside of 11.90% from the stock’s current price.

A number of other research analysts also recently weighed in on GOOGL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a research note on Tuesday. Piper Sandler reissued an “overweight” rating and set a $425.00 target price (up from $395.00) on shares of Alphabet in a research note on Thursday. President Capital increased their target price on Alphabet from $323.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group increased their target price on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company raised Alphabet from an “overweight” rating to an “overweight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $397.48.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $0.52 on Thursday, hitting $384.28. The stock had a trading volume of 4,416,160 shares, compared to its average volume of 32,170,391. Alphabet has a twelve month low of $147.84 and a twelve month high of $385.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm’s 50 day moving average price is $313.72 and its 200-day moving average price is $307.81. The company has a market capitalization of $4.65 trillion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 41.25%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. On average, equities research analysts predict that Alphabet will post 11.54 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated 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 transaction, the insider owned 13,227 shares in the company, 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 at this link. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 191,884 shares of company stock worth $59,121,365. Insiders own 11.64% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently added to or reduced their stakes in GOOGL. Brighton Jones LLC lifted its stake in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its stake in Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the period. Matrix Asset Advisors Inc. NY increased its holdings in shares of Alphabet by 17.6% during the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Alphabet by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank increased its holdings in shares of Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider’s stock valued at $8,495,000 after acquiring an additional 3,120 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Blowout Q1 results — strong ad, subscription and Google Cloud growth reset expectations and underpin optimism that AI investments are paying off. Alphabet Cloud Beats Estimates
• Positive Sentiment: Wall Street upgrades and price-target raises from multiple banks (including JPMorgan, Goldman, Cantor Fitzgerald, Citi and others) are amplifying buy-side momentum and providing fresh upside narratives. JPMorgan Price Target Raise
• Positive Sentiment: Big‑picture AI spending tailwinds — hyperscalers’ 2026 AI commitments topping ~$700B increase demand for cloud services and infrastructure that benefits Google Cloud long term. Hyperscalers AI Spend
• Positive Sentiment: Government work: the Pentagon reached agreements with leading AI firms including Google — supports revenue diversity and potential long-term contracts. Pentagon AI Agreements
• Positive Sentiment: Shareholder-friendly moves: Alphabet raised its quarterly dividend (small yield) and saw unusually large call-option buying, both signaling investor confidence and demand for upside exposure.
• Neutral Sentiment: Product momentum: Gemini is rolling into millions of vehicles and partnerships (Stripe integration, Waymo expansions) broaden monetization paths, but revenue impact will scale over time. Gemini in Vehicles
• Negative Sentiment: Regulatory and governance risks — Italy asked the EU to probe Google’s AI search tools; Switzerland opened a probe into keyword-bidding practices; investors are pressing Alphabet on safeguards for cloud/AI use. Those issues increase legal/regulatory uncertainty. Italy EU Probe Request Switzerland Probe Investor Safeguards Push
• Negative Sentiment: Rising CapEx — Alphabet signaled continued heavy investment in AI/data centers; while investors rewarded growth this quarter, sustained high capex can pressure free cash flow and sentiment if growth slows. CapEx Surge Note

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.