Alphabet’s (GOOGL) Buy Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Alphabet (NASDAQ:GOOGL) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $450.00 price target on the information services provider’s stock.

Other analysts have also issued research reports about the stock. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. KeyCorp dropped their price target on shares of Alphabet from $410.00 to $385.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday. BMO Capital Markets restated an “outperform” rating and set a $480.00 price target (up from $465.00) on shares of Alphabet in a report on Tuesday, October 20th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $417.00 price objective (up from $411.00) on shares of Alphabet in a research report on Tuesday, October 6th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $410.46.

Alphabet Trading Down 1.4%

Shares of Alphabet stock opened at $279.84 on Thursday. The stock has a fifty day simple moving average of $339.07 and a 200 day simple moving average of $340.17. Alphabet has a 12-month low of $270.70 and a 12-month high of $408.61. The company has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.21. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. On average, sell-side analysts anticipate that Alphabet will post 20.05 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

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

Trending Headlines about 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.

About Alphabet

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.