Alphabet (NASDAQ:GOOG) Price Target Raised to $390.00

Alphabet (NASDAQ:GOOG) had its target price boosted by Canaccord Genuity Group from $330.00 to $390.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the information services provider’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 21.34% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. DA Davidson set a $300.00 price target on shares of Alphabet in a research report on Tuesday, November 25th. Bank of America raised their price target on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Oppenheimer raised their target price on Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Barclays increased their price objective on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $316.79.

Alphabet Stock Up 2.2%

NASDAQ GOOG traded up $6.87 during trading hours on Wednesday, hitting $321.42. The company had a trading volume of 8,306,432 shares, compared to its average volume of 17,201,316. The firm’s 50 day moving average is $304.13 and its 200 day moving average is $247.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet has a fifty-two week low of $142.66 and a fifty-two week high of $328.67. The company has a market capitalization of $3.88 trillion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 1.75 and a beta of 1.09.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $2.12 EPS. Sell-side analysts anticipate that Alphabet will post 8.89 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the transaction, the chief accounting officer directly owned 11,739 shares in the company, valued at approximately $3,383,884.14. The trade was a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 195,465 shares of company stock valued at $57,056,497 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Imprint Wealth LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. IFS Advisors LLC boosted its stake in Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares during the period. Tripletail Wealth Management LLC bought a new position in Alphabet in the 3rd quarter worth about $40,000. Finally, Robbins Farley increased its stake in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Samsung said it will double the number of phones offering Google Gemini–powered Galaxy AI features, increasing potential distribution and user engagement for Gemini across Android devices. How Samsung’s AI Drive Helps Alphabet’s (GOOGL) Gemini Ambitions
• Positive Sentiment: Wall Street and market commentary have materially lifted price targets and ratings (multiple buys/outperforms and higher consensus targets), reinforcing momentum and fund flows into GOOG. This analyst repricing is a key reason institutional demand is supporting the stock. Alphabet Stock (GOGL) Opinions on AI and Cloud Growth
• Positive Sentiment: Traffic and usage data show Gemini narrowing the gap with ChatGPT, suggesting better adoption of Google’s conversational AI and strengthening the ad/productivity monetization case. Is OpenAI’s ChatGPT losing ground to Google’s Gemini?
• Positive Sentiment: Investor pieces and analyses highlight Alphabet’s push to challenge Nvidia with initiatives like TorchTPU and strategic moves (e.g., Intersect acquisition) to secure data‑center and AI infrastructure advantages — a potential long‑term margin and moat benefit. Alphabet Takes A Swing At Nvidia, Making The Bull Case Stronger
• Neutral Sentiment: Small, recent lobbying disclosures (e.g., ~$80k for Google Public Sector) and government contract updates are routine but keep regulatory/government relations on the radar for enterprise/cloud deals. Lobbying Update: $80,000 of GOOGLE PUBLIC SECTOR lobbying was just disclosed
• Neutral Sentiment: Quarterly investor letters (e.g., Right Tail Capital) express mixed relative performance vs. benchmarks; these views are informative but not large enough to move the stock on their own. Right Tail Capital’s Views on Alphabet (GOOG)
• Negative Sentiment: Insider activity shows substantial open‑market sales by executives over recent months — a potential red flag for some investors even if part of routine compensation plans. Alphabet Stock (GOGL) Opinions on AI and Cloud Growth (insider disclosure)
• Negative Sentiment: Spotify disclosed plans to spend heavily on creator/video tools (reportedly ~$10B) to take on YouTube — this could increase long‑term competition for ad dollars and creator attention that benefits Google’s YouTube today. Spotify Stock Ticks Up after Disclosing a Staggering $10 Billion Spend on Creator Tools to Rival YouTube
• Negative Sentiment: Alphabet appears on a sustainable‑fund “detractors” list in a recent letter (Impax), signaling some ESG investors may underweight the stock — a modest headwind for certain institutional flows. Here’s why Alphabet (GOOG) is on the Detractors’ list of Impax US Sustainable Economy Fund

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.