Alphabet Inc. (NASDAQ:GOOGL) Stock Has Average Target Price of $422.16

Alphabet Inc. (NASDAQ:GOOGL) has received an average recommendation of “Buy” from the fifty-four brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, forty-five have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $425.50.

A number of brokerages have weighed in on GOOGL. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $445.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Roth Capital restated a “buy” rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud expanded its AI commercial opportunity. BNP Paribas agreed to a five-year cloud and AI partnership, while The Mutual Group selected Google Cloud and Gemini Enterprise for an underwriting platform. The deals reinforce demand for Google’s cloud infrastructure and enterprise AI tools. However, BNP will keep some sensitive data and critical operations off the public cloud. Alphabet’s Google Cloud, BNP Paribas Enter Partnership on AI Capabilities
• Positive Sentiment: Project Suncatcher gives Alphabet a new AI infrastructure narrative. Google plans to launch an experimental satellite carrying AI chips on or around October 1. The test will explore whether solar-powered, space-based computing can eventually support large-scale AI workloads. The technology is highly speculative, but it highlights Alphabet’s willingness to pursue differentiated solutions to rising data-center power demand. Google plans first test of AI chips in space under Project Suncatcher
• Positive Sentiment: Potential value from Anthropic is attracting investor attention. Alphabet reportedly values its Anthropic stake at approximately $124 billion. A future $2 trillion Anthropic valuation could materially increase the paper value of Alphabet’s investment, although the benefit is unrealized and depends on a successful IPO or funding event. Alphabet Reportedly Values Its Anthropic Stake at $124 Billion
• Positive Sentiment: New consumer and commerce applications broaden Alphabet’s growth options. Gemini is testing a feature that calls businesses for users, Tapestry is bringing Coach and Kate Spade shopping to Gemini and Google AI Mode, and Lowe’s is testing Wing drone delivery with DoorDash. These initiatives could improve AI engagement and create future advertising, commerce and logistics revenue streams. Lowe’s is launching a drone delivery service in partnership with DoorDash and Alphabet
• Neutral Sentiment: Google, OpenAI and Anthropic are reportedly working on an AI safety standards body. Establishing common standards could reduce regulatory uncertainty and improve trust in frontier AI, but it may also lead to additional compliance requirements. OpenAI, Google and Anthropic Join Forces to Set AI Safety Standards
• Negative Sentiment: Regulatory and execution concerns remain. The U.K. competition regulator proposed giving Android and Chrome users more choice over search engines and AI assistants, potentially weakening Google’s default-search advantage. Separately, Waymo’s rapid robotaxi expansion appears concentrated in a limited number of markets, raising questions about the pace and quality of its broader rollout. UK regulator proposes giving consumers more search choice on Google

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $342.36 on Tuesday. The stock has a fifty day moving average price of $344.18 and a two-hundred day moving average price of $346.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $4.19 trillion, a P/E ratio of 17.20, a PEG ratio of 1.02 and a beta of 1.22. Alphabet has a 1 year low of $235.84 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts forecast that Alphabet will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Insider Buying and Selling

In related news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 450,426 shares of company stock worth $11,831,050. Company insiders own 11.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GOOGL. Strategic Wealth Advisors LLC increased its stake in Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC lifted its stake in shares of Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock valued at $1,570,000 after buying an additional 27 shares in the last quarter. Ruggaard & Associates LLC grew its holdings in shares of Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock valued at $840,000 after buying an additional 27 shares during the last quarter. Cadia Private Client LLC grew its holdings in shares of Alphabet by 1.1% during the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock valued at $744,000 after buying an additional 28 shares during the last quarter. Finally, Evansbrook LLC increased its position in shares of Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after acquiring an additional 28 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet’s largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.