Alphabet (NASDAQ:GOOGL) Stock Price Expected to Rise, Truist Financial Analyst Says

Alphabet (NASDAQ:GOOGL) had its target price boosted by Truist Financial from $385.00 to $415.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the information services provider’s stock. Truist Financial’s price target points to a potential upside of 7.60% from the company’s previous close.

A number of other brokerages have also recently commented on GOOGL. Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday. Wedbush raised their price objective on shares of Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Evercore restated an “outperform” rating and issued a $400.00 price objective (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, April 20th. Finally, Arete Research raised their price target on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $397.48.

Alphabet Trading Up 0.2%

NASDAQ:GOOGL opened at $385.69 on Thursday. The stock’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 $4.67 trillion, a PE ratio of 29.42, a P/E/G ratio of 2.37 and a beta of 1.12. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet has a 52-week low of $147.84 and a 52-week high of $386.76.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, research analysts anticipate that Alphabet will post 11.62 EPS for the current year.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 in the company, valued at $1,187,638.65. This represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 191,986 shares of company stock valued at $59,159,207 over the last 90 days. Insiders own 11.64% of the company’s stock.

Institutional Inflows and Outflows

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google’s Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron’s: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search 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.