Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Trim from Cantor Fitzgerald

Alphabet (NASDAQ:GOOGL) had its target price lowered by Cantor Fitzgerald from $420.00 to $350.00 in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has an overweight rating on the information services provider’s stock.

GOOGL has been the subject of a number of other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Citizens Jmp lowered their target price on Alphabet from $515.00 to $450.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 22nd. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. DA Davidson set a $350.00 price target on Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $480.00 price target (up from $465.00) on shares of Alphabet in a research note on Tuesday, October 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $410.46.

Alphabet Trading Down 1.4%

Shares of Alphabet stock opened at $279.84 on Thursday. The stock has a market cap of $3.42 trillion, a P/E ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet has a 12-month low of $270.70 and a 12-month high of $408.61. The business’s 50 day moving average is $339.07 and its 200-day moving average is $340.17.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Equities research analysts predict that Alphabet will post 20.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% 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. Insiders have sold 247 shares of company stock worth $79,238 in the last three months. 11.61% of the stock is owned by insiders.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. grew its position in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock worth $2,671,986,000 after acquiring an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Alphabet in the 3rd quarter worth about $1,612,704,000. Finally, Amundi increased its holdings in Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock worth $9,128,850,000 after purchasing an additional 3,574,810 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.