Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Trim from Royal Bank Of Canada

Alphabet (NASDAQ:GOOGL) had its target price cut by Royal Bank Of Canada from $425.00 to $400.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

A number of other research firms also recently weighed in on GOOGL. JPMorgan Chase & Co. boosted their target price on Alphabet from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Rosenblatt Securities reduced their price target on shares of Alphabet from $410.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday. Yorkville Ives started coverage on shares of Alphabet in a research note on Monday, October 5th. They set an “outperform” rating and a $400.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday. Finally, Moffett Nathanson set a $345.00 target price on shares of Alphabet in a research report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $410.46.

Alphabet Stock Down 1.4%

Shares of NASDAQ GOOGL opened at $279.84 on Thursday. The stock has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64. The business’s fifty day moving average price is $339.07 and its 200-day moving average price is $340.17. Alphabet has a one year low of $270.70 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. On average, equities research analysts anticipate that Alphabet will post 20.05 EPS for the current year.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 247 shares of company stock worth $79,238 in the last 90 days. 11.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Strategic Wealth Advisors LLC boosted its holdings in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock worth $137,000 after acquiring an additional 27 shares in the last quarter. Rockbridge Investment Management LCC increased its holdings in shares of Alphabet by 0.5% during 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 acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC increased 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 acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC raised its position in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after purchasing an additional 28 shares during the last quarter. Finally, Evansbrook LLC raised its position in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after purchasing an additional 28 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.