Alphabet (NASDAQ:GOOGL) Stock Rating Upgraded by Rosenblatt Securities

Alphabet (NASDAQ:GOOGL) was upgraded by equities research analysts at Rosenblatt Securities to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Oppenheimer lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Daiwa Securities Group upped their target price on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Dbs Bank increased their price target on shares of Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $420.19.

Alphabet Trading Down 1.2%

NASDAQ GOOGL opened at $340.67 on Wednesday. The firm’s 50 day moving average price is $352.30 and its two-hundred day moving average price is $341.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet has a twelve month low of $199.43 and a twelve month high of $408.61. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities analysts anticipate that Alphabet will post 20.51 EPS for the current year.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,945 shares of company stock valued at $12,382,714 in the last quarter. Corporate insiders own 11.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 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 worth $137,000 after buying an additional 27 shares during the period. Rockbridge Investment Management LCC lifted its holdings in Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after buying an additional 27 shares in the last quarter. Ruggaard & Associates LLC boosted its position in Alphabet by 0.9% in the 1st 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 period. Cadia Private Client LLC boosted its position in Alphabet by 1.1% in the 1st 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 period. Finally, Evansbrook LLC grew its stake in shares of Alphabet by 0.3% in 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. Institutional investors and hedge funds own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $410 price target, implying substantial upside from the reference price. The bullish view reflects confidence in Alphabet’s AI growth and earnings outlook. Benzinga article
• Positive Sentiment: Alphabet’s expanded custom-chip partnership with Marvell Technology strengthens its AI supply chain and reduces reliance on Broadcom. Marvell granted Google a warrant for up to 58.97 million shares, with most of the warrant vesting as Marvell generates as much as $120 billion in cumulative purchases from Google through 2033. The structure signals potentially significant long-term AI infrastructure spending, although the maximum commitment is not guaranteed. Google’s Marvell Warrant Doesn’t Fully Vest Until Google Buys $120 Billion of Chips
• Positive Sentiment: Waymo opened its lower-cost next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco, supporting Alphabet’s effort to scale a potentially valuable autonomous-vehicle business. Waymo’s cheaper, next-gen robotaxi is now open to all riders in these three cities
• Positive Sentiment: Berkshire Hathaway’s continued ownership and increased exposure to Alphabet provide a high-profile vote of confidence in the company’s AI positioning and long-term prospects. Berkshire Hathaway Just Bought More of This Brilliant Artificial Intelligence Stock

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.