Alphabet (NASDAQ:GOOG – Get Free Report) had its target price increased by equities researchers at Oppenheimer from $425.00 to $445.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Oppenheimer’s price target indicates a potential upside of 13.10% from the company’s previous close.
A number of other research analysts have also commented on GOOG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $370.00 price target on shares of Alphabet in a research report on Tuesday, January 20th. DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Raymond James Financial restated a “strong-buy” rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Wedbush restated an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $363.40.
Read Our Latest Stock Analysis on GOOG
Alphabet Stock Down 0.9%
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $2.81 earnings per share. On average, equities analysts predict that Alphabet will post 14.28 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares of the company’s stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 157,953 shares of company stock valued at $47,767,818 over the last ninety days. 12.99% of the stock is owned by insiders.
Institutional Trading of Alphabet
Institutional investors and hedge funds have recently modified their holdings of the company. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $41,000. Finally, Manning & Napier Advisors LLC bought a new stake in Alphabet in the third quarter worth $32,000. 27.26% of the stock is currently owned by institutional investors.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS estimates for Alphabet, reinforcing the view that earnings remain on track despite heavy AI spending. Alphabet Inc. earnings estimate update
- Positive Sentiment: Multiple reports highlighted Alphabet’s ongoing AI push, including discussions with SpaceX about launching data centers into space and broader investor optimism around “Googlebook”/Gemini-powered products and Google Cloud expansion. Google in Talks with SpaceX to Launch Data Centers into Space
- Positive Sentiment: Anthropic’s reported commitment to spend heavily on Google infrastructure underscores Alphabet’s role as a key AI compute and cloud beneficiary, potentially supporting future revenue growth. Anthropic commits $200 billion to Google infrastructure
- Positive Sentiment: Several investor and fund-flow headlines showed continued institutional and hedge-fund interest in Alphabet, including additional stakes from Capital World Investors, ARK-related buying, and bullish commentary from well-known investors. Capital World Investors holdings update
- Neutral Sentiment: UBS warned that mega-cap AI stocks are crowded and may be overheating, which could create volatility even for leaders like Alphabet if investor sentiment toward the AI trade cools. UBS warns AI stocks are overheating
- Neutral Sentiment: Alphabet’s record yen bond sale was viewed as a funding move to support its large AI capex plans; it raises the company’s flexibility, but also keeps attention on the scale of spending required to stay competitive. Alphabet record yen bond sale
- Negative Sentiment: Some coverage flagged concern that Alphabet’s massive AI spending and rising competition could pressure margins over time, tempering enthusiasm despite the growth story. Alphabet and Meta delivered worrisome news for investors
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.
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