Alphabet (NASDAQ:GOOGL – Get Free Report) had its price target decreased by stock analysts at Cantor Fitzgerald from $420.00 to $350.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. Cantor Fitzgerald‘s price target would suggest a potential upside of 7.73% from the stock’s current price.
Several other research analysts also recently issued reports on GOOGL. Royal Bank Of Canada reissued an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays reissued an “overweight” rating on shares of Alphabet in a report on Thursday. Finally, DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $423.04.
Check Out Our Latest Research Report on Alphabet
Alphabet Stock Performance
Shares of GOOGL opened at $324.89 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.97 trillion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. The company’s 50 day simple moving average is $341.50 and its 200-day simple moving average is $340.66. Alphabet has a 12-month low of $267.67 and a 12-month high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. As a group, equities analysts predict that Alphabet will post 20.60 EPS for the current year.
Insider Transactions at Alphabet
In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.61% of the company’s stock.
Institutional Trading of Alphabet
Several hedge funds have recently made changes to their positions in GOOGL. State Street Corp grew its holdings in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after buying an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. raised its position in shares of Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock valued at $2,671,986,000 after buying an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Alphabet by 90.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Alphabet in the third quarter valued at approximately $1,612,704,000. Finally, Amundi lifted its stake in shares of Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock valued at $9,128,850,000 after buying an additional 3,574,810 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud delivered exceptional growth: Revenue more than doubled to approximately $31 billion, surpassing expectations as demand for AI infrastructure remained strong. Alphabet’s Google Cloud unit beats quarterly revenue estimates
- Positive Sentiment: AI-chip prospects are improving: OpenAI reportedly plans to purchase Google’s custom TPU chips, while Alphabet is expanding TPU availability through Oracle Cloud. These developments could create a new infrastructure revenue stream and reduce reliance on Nvidia. Google alters cloud playbook to sell more AI chips
- Positive Sentiment: Alphabet continues expanding its AI ecosystem: Google launched the Gemini 4 Carbon model and is extending AI-powered Search ads and connected-app capabilities, potentially creating future monetization opportunities. Google expands AI Search ads globally
- Neutral Sentiment: Legal risks remain an overhang: Several law firms publicized an existing securities-fraud class action alleging Alphabet misrepresented development delays involving Gemini 3.5 Pro. The announcements do not establish wrongdoing, but they could add reputational and litigation risk. Alphabet securities fraud lawsuit announcement
- Negative Sentiment: Alphabet missed quarterly expectations: Earnings per share were $2.12 versus a consensus estimate near $3.02, while revenue of $127.58 billion was slightly below forecasts. Net income also fell 25% year over year, partly because of an estimated $11 billion mark-to-market loss on its SpaceX investment.
- Negative Sentiment: Advertising momentum slowed: YouTube advertising revenue reached $11.2 billion, below the roughly $11.43 billion expected, while broader Search advertising growth also decelerated. This intensified concerns that AI assistants could disrupt Google’s core search business. Google shares fall as ad revenue misses estimates
- Negative Sentiment: AI investment is weighing heavily on cash generation: Alphabet reported approximately $9.1 billion in negative free cash flow and maintained elevated spending plans for data centers and AI capacity. Investors are questioning whether cloud growth can justify the scale and timing of this spending. Alphabet falls after free cash flow concerns
Alphabet Company Profile
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.
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