Alphabet (NASDAQ:GOOGL) Earns “Buy” Rating from Rosenblatt Securities

Alphabet (NASDAQ:GOOGL)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $410.00 target price on the information services provider’s stock. Rosenblatt Securities’ price target suggests a potential upside of 18.94% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. HSBC reaffirmed a “buy” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. BMO Capital Markets set a $465.00 price objective on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. China Renaissance boosted their target price on shares of Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Citigroup restated an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $420.19.

Alphabet Stock Up 0.2%

Shares of NASDAQ GOOGL opened at $344.72 on Thursday. The firm has a 50-day moving average price of $352.64 and a 200 day moving average price of $341.32. The stock has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet has a 52 week low of $196.60 and a 52 week high of $408.61.

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

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 in the last three months. 11.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. bought a new position in Alphabet in the 4th quarter worth approximately $32,000. EMC Capital Management bought a new stake in Alphabet during the 4th quarter valued at $33,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth $38,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth $52,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Alphabet in the third quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth and AI monetization remain key catalysts. Google Cloud revenue reportedly rose 82% year over year to $24.8 billion in the latest quarter, with demand tied to AI workloads and custom Tensor Processing Units. Separate coverage says Alphabet’s AI spending is increasingly finding paying customers, helping ease concerns about the cost of its infrastructure buildout. Google Cloud growth article
• Positive Sentiment: Alphabet deepened its custom-chip partnership with Marvell Technology (NASDAQ: MRVL). Marvell issued Alphabet a warrant to purchase up to about 59 million shares, potentially representing roughly 6.7% of Marvell, as part of an agreement to develop custom AI chips and related infrastructure. The arrangement could improve Alphabet’s access to specialized AI capacity and support more efficient data-center economics, although it also signals continued heavy investment. Marvell Google AI chip deal
• Positive Sentiment: Waymo expanded its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco. Broader availability of lower-cost vehicles may improve the economics and scalability of Alphabet’s autonomous-driving subsidiary. Waymo robotaxi expansion
• Positive Sentiment: Berkshire Hathaway’s increased Alphabet position provides a sentiment boost. Reports indicate Berkshire raised its stake by 83% to approximately $37 billion, reinforcing the view that Alphabet’s valuation and AI growth prospects remain attractive to long-term investors. Berkshire Alphabet investment
• Neutral Sentiment: Alphabet launched new AI-powered study tools across Search and Gemini, including interactive visuals, simulations and customized quizzes. The features could strengthen user engagement, but their near-term financial impact is unclear. Google study tools announcement
• Negative Sentiment: Investors are concerned that the next flagship Gemini model may be delayed. Prediction-market data points to a low probability of release in August, potentially raising execution concerns as competition in generative AI intensifies. Gemini delay report
• Negative Sentiment: Alphabet is raising billions through an inaugural Australian-dollar bond offering to help fund AI spending. The financing demonstrates access to capital but adds debt and highlights the increasing cash demands of the AI infrastructure race. Alphabet Australian bond report
• Negative Sentiment: A bankruptcy court delayed approval of Google’s proposed $10 million purchase of Spirit Airlines’ internal data after a flight-attendants’ union objected over confidential information. The issue is relatively small financially but creates legal and reputational uncertainty. Spirit Airlines data sale report

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.