Alphabet (NASDAQ:GOOGL) Price Target Raised to $455.00 at New Street Research

Alphabet (NASDAQ:GOOGL) had its price target raised by New Street Research from $450.00 to $455.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the information services provider’s stock. New Street Research’s price target points to a potential upside of 23.43% from the stock’s current price.

GOOGL has been the topic of a number of other research reports. Guggenheim reiterated a “buy” rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Wedbush increased their target price on Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Argus lifted their target price on Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a report on Friday, February 6th. Roth Mkm reissued a “buy” rating on shares of Alphabet in a research report on Thursday, April 30th. Finally, Dbs Bank upped their price target on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Two equities research 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 company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $413.13.

Alphabet Trading Down 1.0%

Shares of GOOGL stock traded down $3.57 during trading hours on Friday, hitting $368.62. 8,418,731 shares of the company were exchanged, compared to its average volume of 31,758,146. The firm has a market cap of $4.47 trillion, a PE ratio of 28.09, a PEG ratio of 1.58 and a beta of 1.23. Alphabet has a 1 year low of $162.00 and a 1 year high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $351.15 and a 200 day moving average of $327.52.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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. Analysts expect that Alphabet will post 14.28 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. This trade represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 11.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter worth $32,000. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $33,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter worth about $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is benefiting from fresh AI-driven demand signals, including a larger Google Cloud partnership with Lovable and reports that Apple will use Google cloud infrastructure for Siri. Article Title Article Title
• Positive Sentiment: Investor confidence may be helped by reports of purchases from Berkshire Hathaway and ARK, suggesting notable institutional interest in Alphabet shares. Article Title
• Neutral Sentiment: Alphabet’s enlarged $84.75 billion equity raise underscores its aggressive AI infrastructure buildout, which could support long-term growth but also keeps attention on capex and financing needs. Article Title
• Neutral Sentiment: Recent commentary highlights Alphabet as an attractive “dip buy,” but this is opinion-based rather than a direct operational catalyst. Article Title
• Negative Sentiment: Some investors are worried that Alphabet’s growing AI spending and capital raise may pressure returns if the company’s massive infrastructure investments take longer than expected to pay off. Article Title
• Negative Sentiment: Reports of quiet layoffs in Google Cloud, including cuts to the Threat Intelligence Group, could raise concerns about internal restructuring and cloud momentum. Article Title

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.