Alphabet (NASDAQ:GOOGL) Price Target Raised to $445.00 at Oppenheimer
by Scott Moore · The Cerbat GemAlphabet (NASDAQ:GOOGL – Get Free Report) had its price target raised by research analysts at Oppenheimer from $425.00 to $445.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 11.97% from the company’s previous close.
Several other research firms have also issued reports on GOOGL. Morgan Stanley increased their price objective on shares of Alphabet from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Evercore increased their price target on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Dbs Bank boosted their price objective on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Finally, China Renaissance upped their target price on Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.84.
Get Our Latest Stock Report on GOOGL
Alphabet Trading Down 0.9%
Shares of Alphabet stock traded down $3.64 during trading hours on Friday, reaching $397.43. The stock had a trading volume of 6,064,558 shares, compared to its average volume of 31,556,990. The firm has a market capitalization of $4.82 trillion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.72 and a beta of 1.26. Alphabet has a 1 year low of $162.00 and a 1 year high of $403.70. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $327.43 and a two-hundred day simple moving average of $316.71.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities research analysts anticipate that Alphabet will post 14.29 earnings per share for the current year.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 157,953 shares of company stock worth $47,767,818 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Alphabet
Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. CIBC Bancorp USA Inc. acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $416,217,000. Sovran Advisors LLC boosted its holdings in Alphabet by 23.6% during the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after buying an additional 4,241 shares in the last quarter. World Investment Advisors boosted its holdings in Alphabet by 9.2% during the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider’s stock worth $86,000,000 after buying an additional 23,107 shares in the last quarter. Wright Investors Service Inc. grew its position in Alphabet by 21.2% in the third quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock worth $12,171,000 after buying an additional 8,746 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock valued at $405,131,000 after buying an additional 60,831 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts at Erste Group Bank raised Alphabet’s earnings estimates for FY2026 and FY2027, reinforcing the view that profits can keep growing ahead of current consensus.
- Positive Sentiment: Several recent pieces highlight Alphabet as a beneficiary of AI spending, including continued strength in its cloud/AI investment plans and speculation that the company is well positioned in the next phase of AI infrastructure buildout.
- Positive Sentiment: Investor enthusiasm is also being supported by reports that YouTube revenue may be larger than Wall Street expected, adding to confidence in Google’s core advertising and video monetization engine.
- Positive Sentiment: Alphabet also completed a record-breaking yen bond issuance, giving it fresh capital to fund AI infrastructure while diversifying its funding sources, which is generally viewed favorably by investors. Alphabet completes record-breaking yen bond issuance
- Neutral Sentiment: UBS warned that AI and mega-cap tech stocks are heavily crowded trades, which could mean Alphabet’s valuation is vulnerable if investor expectations cool.
- Neutral Sentiment: Recent commentary also points to Alphabet’s stock trading at a richer multiple after a powerful run, so the market may be rewarding execution but leaving less room for error.
- Negative Sentiment: Broader concerns about the cost of AI compute and the capital intensity of the race could pressure margins across big tech, including Alphabet, if spending rises faster than monetization.
About Alphabet
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
Featured Stories
- Five stocks we like better than Alphabet
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
- 3 AI Data Center Stocks Worth Watching for Capital Rotation
- McDonald’s Is the Cheapest It’s Been in Years—Does That Make It a Buy?
- Karman: Defense Darling’s Outlook Strengthens After 40% Drop