Alphabet (NASDAQ:GOOGL) Given New $380.00 Price Target at KeyCorp

20 Apr 2026, 08:38 by Amy Steele · The Cerbat Gem

Alphabet (NASDAQ:GOOGL – Get Free Report) had its target price raised by KeyCorp from $370.00 to $380.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the information services provider’s stock. KeyCorp’s price objective points to a potential upside of 11.22% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Evercore reissued an “outperform” rating and set a $400.00 price objective (up from $325.00) on shares of Alphabet in a research report on Thursday, February 5th. Truist Financial set a $385.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. DA Davidson upped their price objective on Alphabet from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group set a $415.00 price objective on Alphabet in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Get Our Latest Analysis on Alphabet

Alphabet Stock Performance

Shares of GOOGL stock opened at $341.68 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $4.13 trillion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. The company’s 50 day moving average price is $306.82 and its two-hundred day moving average price is $302.17. Alphabet has a 52 week low of $146.10 and a 52 week high of $349.00.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, analysts expect that Alphabet will post 8.9 earnings per share 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 that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director directly 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 SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,069,794 shares of company stock valued at $104,854,147. Insiders own 11.64% of the company’s stock.

Institutional Trading of Alphabet

A number of hedge funds have recently made changes to their positions in GOOGL. Brighton Jones LLC lifted its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its holdings in Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock worth $85,557,000 after purchasing an additional 48,805 shares during the last quarter. Finally, United Bank lifted its holdings in Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after purchasing an additional 3,120 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Report that Google is in talks with Marvell to develop two new AI inference chips — investors see this as a move to diversify/customize AI hardware away from dominant suppliers, boosting confidence in Google’s infrastructure strategy and potential margin leverage. Marvell shares gain on report of deal talks with Google to develop two AI chips
Positive Sentiment: Analyst target upgrades and an upgrade reported this week have raised upside expectations (one published target moved to $400), which can attract momentum buyers and support higher valuations. Alphabet (NASDAQ:GOOGL) Price Target Raised to $400.00
Positive Sentiment: Alphabet secured a long‑term power agreement for a large Indiana data center, reducing energy‑supply uncertainty for cloud/data‑center expansion — a favorable operational development for Google Cloud growth. NiSource signs long-term power deal with Alphabet, expands Amazon agreement
Positive Sentiment: Product momentum: Google is rolling photo integration into Gemini (and Nano Banana), strengthening consumer AI features that can drive engagement and future monetization. Google will let users connect their photos to the Gemini chatbot and Nano Banana
Neutral Sentiment: Ongoing bullish analyst/press coverage and fund positioning (long‑term AI/cloud thesis) underpin conviction but much of that upside may already be priced in. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
Neutral Sentiment: Speculative machine‑learning price forecasts and analyst hype could amplify short‑term moves but are noisy indicators rather than fundamentals. Machine learning algorithm predicts Google stock price on April 30, 2026
Neutral Sentiment: Reports that Google is discussing deploying Gemini in classified Pentagon settings signal potential new revenue streams but introduce procurement and clearance complexities. Google, Pentagon discuss classified AI deal, the Information reports
Negative Sentiment: Insider selling: Director John Hennessy sold 1,050 shares recently — a small disclosed sale but one that can be picked up by momentum traders as a cautionary signal. Alphabet (NASDAQ:GOOGL) Director John Hennessy Sells 1,050 Shares
Negative Sentiment: Regulatory risk in Europe: the EU’s DMA guidance could force Google to share search and AI chat data with rivals, potentially weakening search advantages and ad economics in the region. Google should allow third-party search engines access to data, EU says
Negative Sentiment: Cost/margin pressure: analysts warn that ramped 2026 capex, higher depreciation and energy expenses could compress free cash flow and margins even as AI/cloud revenue scales. Alphabet Shares Rise 7% YTD: Buy, Sell, or Hold the GOOGL Stock?

Alphabet Company Profile

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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.