Alphabet Stock Earnings Estimates Raised by Erste Group Bank

Alphabet Inc. (NASDAQ:GOOG) – Analysts at Erste Group Bank increased their FY2027 earnings per share estimates for Alphabet in a research note issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the information services provider will post earnings of $15.18 per share for the year, up from their prior estimate of $15.01. The consensus estimate for Alphabet’s current full-year earnings is $20.60 per share.

A number of other analysts have also recently issued reports on the company. Evercore boosted their target price on Alphabet from $420.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Piper Sandler raised their price target on shares of Alphabet from $395.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. KeyCorp set a $410.00 price target on shares of Alphabet in a research report on Monday. Finally, Rosenblatt Securities assumed coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $421.85.

Alphabet Stock Performance

Alphabet stock opened at $320.76 on Friday. The company has a market cap of $3.92 trillion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. Alphabet has a 12 month low of $252.77 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock’s 50-day moving average is $339.94 and its 200-day moving average is $350.44.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 earnings per share.

Institutional Trading of Alphabet

A number of hedge funds have recently made changes to their positions in GOOG. Readystate Asset Management LP purchased a new position in shares of Alphabet in the second quarter valued at $45,352,000. Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after buying an additional 6,300,900 shares during the period. State Street Corp increased its stake in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after buying an additional 5,208,690 shares during the period. BlackRock Inc. increased its stake in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. Finally, Amundi lifted its holdings in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after buying an additional 4,083,758 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s 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. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 315,765 shares of company stock valued at $6,297,980 over the last quarter. Company insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: OpenAI cloud agreement: OpenAI plans to make its latest models and Codex coding agent available through Google Cloud, creating a potentially meaningful enterprise-cloud revenue opportunity and strengthening Google Cloud’s position beyond its rivalry with Microsoft. OpenAI to sell its top models on Google Cloud
• Positive Sentiment: AI infrastructure upside: Analysts see Google’s internally developed AI chips potentially becoming a multibillion-dollar business and a competitive alternative to Nvidia hardware. Google also reported a major quantum-computing error-reduction breakthrough, although commercial benefits remain longer term. Google’s AI chip could become a $75 billion business
• Positive Sentiment: Bullish fundamental case: Recent commentary highlights strong Google Cloud growth, AI-driven demand and potential upside relative to peers Microsoft and Amazon. Alphabet’s prior quarter also showed revenue growth of 24.2% and an earnings beat, supporting investor focus on the upcoming results. Alphabet versus Microsoft and Amazon
• Neutral Sentiment: AI strategy remains in development: CEO Sundar Pichai said Google is still in the early stages of recursively self-improving AI, suggesting substantial long-term potential but also indicating that monetization and competitive outcomes remain uncertain. Sundar Pichai on self-improving AI
• Negative Sentiment: Gemini concerns and litigation: Reports alleging delays in Gemini 3.5 Pro’s development and launch timeline triggered a significant prior selloff. Multiple law firms are promoting securities-fraud lawsuits alleging investors were misled; lead-plaintiff deadlines are November 30 or December 1, depending on the case. The legal claims are allegations, not established findings. Google investor alert and securities class action
• Negative Sentiment: Heavy capital spending: A reported $11 billion annual compute arrangement with SpaceX and broader AI infrastructure investments are raising concerns about cash flow, margins and returns on capital. Investors are also sensitive to Google Cloud reportedly giving up near-term revenue to reserve AI capacity. Google’s SpaceX compute deal
• Negative Sentiment: Valuation and regulatory pressure: Citizens JMP reduced its Google price target by 12%, while regulators are questioning a cloud outage affecting banks and lawmakers are scrutinizing Google’s AI use in schools. Environmental criticism over data-center construction adds reputational risk. Bank cuts Google stock price target

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.