Alphabet (NASDAQ:GOOG – Get Free Report) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $420.00 to $425.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 22.89% from the stock’s previous close.
Other analysts have also issued reports about the company. UBS Group reaffirmed a “neutral” rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a research note on Wednesday. Wolfe Research reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. China Renaissance decreased their price objective on Alphabet from $485.00 to $445.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Canaccord Genuity Group set a $450.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $422.10.
Check Out Our Latest Analysis on GOOG
Alphabet Price Performance
Alphabet (NASDAQ:GOOG – Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. On average, equities analysts forecast that Alphabet will post 20.54 earnings per share for the current fiscal year.
Insider Activity at Alphabet
In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 441,399 shares of company stock worth $8,677,053. Insiders own 12.99% of the company’s stock.
Hedge Funds Weigh In On Alphabet
Several hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $29,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Toth Financial Advisory Corp bought a new stake in shares of Alphabet during the second quarter valued at approximately $41,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet during the second quarter valued at approximately $46,000. Finally, Robinswood Financial LLC acquired a new position in shares of Alphabet in the first quarter valued at $57,000. Institutional investors and hedge funds own 27.26% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google’s rollout of Gemini 4 Argon to developers, businesses and paying subscribers is the main bullish catalyst. Reports highlight strong performance in coding, accounting, legal and enterprise tasks, potentially strengthening Google Cloud and Alphabet’s position in generative AI. Google adds Gemini 4 Argon and coding agent to expand AI assistant capabilities
- Positive Sentiment: Google launched Universal Cart in the United States, allowing users to collect and track products across Search and the Gemini app. The feature could improve shopping engagement and create additional commercial opportunities. Google’s Universal Cart shopping tool launches in the US
- Positive Sentiment: Analysts remain broadly optimistic ahead of Alphabet’s upcoming earnings, with JPMorgan reportedly seeing substantial upside. Investors are looking for continued Cloud growth, AI monetization and evidence that the company’s advertising business can withstand chatbot competition. Alphabet Stock Can Jump 24%, JPMorgan Says
- Positive Sentiment: Potential longer-term catalysts include YouTube’s planned audiobook offering, continued Waymo expansion and Alphabet’s investment in AI infrastructure and proprietary chips.
- Neutral Sentiment: Alphabet’s technical setup remains mixed. The stock is near its 200-day moving average, around $348, while analysts cited approximately $340 as an important support level; holding that area would preserve the recent breakout thesis, while a failure could weaken momentum.
- Neutral Sentiment: Alphabet is reportedly committing about $30 billion over 33 months to rent computing capacity from SpaceX. The arrangement could support AI expansion but also underscores the scale of infrastructure commitments.
- Negative Sentiment: Investors remain concerned that AI capital expenditures have pushed free cash flow negative. Returns will depend on Gemini adoption, Cloud growth and successful monetization of AI products.
- Negative Sentiment: Bank of America warned that ChatGPT and other AI assistants could compete for Google’s future digital advertising dollars, posing a longer-term threat to Alphabet’s core business. BofA sees ChatGPT taking aim at Google’s next ad dollar
- Negative Sentiment: Several law firms publicized a securities class action alleging Alphabet failed to disclose setbacks involving Gemini 3.5 Pro training and launch timing. The repeated notices add headline and potential liability risk, although the ultimate financial impact remains uncertain.
Alphabet Company Profile
Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.
Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.
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