JPMorgan Chase & Co. Lowers Alphabet (NASDAQ:GOOG) Price Target to $420.00

Alphabet (NASDAQ:GOOG) had its target price dropped by JPMorgan Chase & Co. from $460.00 to $420.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 31.53% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Pivotal Research lifted their target price on shares of Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Cowen reiterated a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $410.09.

Alphabet Stock Performance

Alphabet stock traded down $22.60 during midday trading on Thursday, hitting $319.31. 33,928,003 shares of the company were exchanged, compared to its average volume of 21,504,871. The business has a fifty day simple moving average of $363.69 and a two-hundred day simple moving average of $337.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $3.87 trillion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Alphabet has a fifty-two week low of $188.70 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $6.23. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.06 billion. During the same period in the previous year, the company posted $2.31 earnings per share. Alphabet’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet will post 14.34 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 159,415 shares of company stock valued at $7,672,279. 12.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Alphabet

Large investors have recently modified their holdings of the business. Imprint Wealth LLC purchased a new position in shares of Alphabet in the third quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 earnings beat expectations, driven by 24% revenue growth, 82% Google Cloud growth, and continued strength in Search and YouTube. Reuters: Google quarterly cloud revenue growth beats expectations
• Positive Sentiment: Google Cloud CEO Thomas Kurian said customers are spending about 50% more than their initial commitments, suggesting strong enterprise demand remains intact. CNBC: Google Cloud CEO Kurian says customers are spending 50% more
• Positive Sentiment: Several Wall Street firms reaffirmed buy/overweight ratings and raised price targets, signaling confidence that the AI investment cycle will pay off. Benzinga analyst updates
• Neutral Sentiment: Alphabet disclosed a large $94.1 billion stake in SpaceX, a notable balance-sheet item but not a direct operating catalyst for the core business. WSJ: Google discloses $94.1 billion in SpaceX stock
• Negative Sentiment: Investor sentiment weakened after Alphabet raised 2026 capex guidance, triggering concerns that AI spending is pressuring free cash flow and near-term margins. CNBC: Alphabet and Tesla test Wall Street’s patience as AI spending overshadows growth
• Negative Sentiment: The EU fined Google about €890 million under the Digital Markets Act, adding regulatory overhang to the stock. Reuters: Google hit with $1 billion EU fine

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.