Rosenblatt Securities Raises Alphabet (NASDAQ:GOOGL) Price Target to $393.00

Alphabet (NASDAQ:GOOGL) had its price target raised by equities research analysts at Rosenblatt Securities from $357.00 to $393.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the information services provider’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 1.90% from the stock’s current price.

A number of other research firms have also recently commented on GOOGL. Canaccord Genuity Group set a $415.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday. Evercore reaffirmed an “outperform” rating and set a $400.00 price target (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Citigroup reissued a “buy” rating and issued a $405.00 price objective (up from $390.00) on shares of Alphabet in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.48.

Alphabet Price Performance

GOOGL stock opened at $385.69 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.01 and a current ratio of 1.92. Alphabet has a 1 year low of $147.84 and a 1 year high of $386.76. The firm has a market cap of $4.67 trillion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The stock has a 50-day simple moving average of $313.72 and a 200-day simple moving average of $307.81.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, equities analysts predict that Alphabet will post 11.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total value of $10,893,350.00. Following the completion of the sale, the chief executive officer owned 2,179,372 shares in the company, valued at $730,481,906.96. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 191,986 shares of company stock worth $59,159,207. Insiders own 11.64% of the company’s stock.

Institutional Trading of Alphabet

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Alphabet during the 4th quarter worth $30,534,239,000. Berkshire Hathaway Inc acquired a new position in shares of Alphabet during the third quarter valued at $4,338,397,000. Cardano Risk Management B.V. increased its holdings in shares of Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the period. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. Finally, Capital World Investors lifted its holdings in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares during the period. Institutional investors own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google’s Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron’s: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

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.