Alphabet (NASDAQ:GOOGL) Price Target Raised to $430.00 at Bank of America

Alphabet (NASDAQ:GOOGL) had its target price lifted by Bank of America from $370.00 to $430.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other research firms have also issued reports on GOOGL. Truist Financial increased their price objective on shares of Alphabet from $385.00 to $415.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna reiterated a “positive” rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday. Morgan Stanley increased their price objective on shares of Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Tigress Financial set a $415.00 price objective on shares of Alphabet and gave the company a “strong-buy” rating in a research note on Thursday, February 19th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.48.

Alphabet Trading Up 0.2%

GOOGL stock traded up $0.69 on Thursday, hitting $385.49. 7,261,198 shares of the company were exchanged, compared to its average volume of 32,189,363. Alphabet has a twelve month low of $147.84 and a twelve month high of $385.84. The business’s fifty day moving average is $313.72 and its two-hundred day moving average is $307.81. The stock has a market capitalization of $4.66 trillion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 41.25%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, research analysts forecast that Alphabet will post 11.54 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 7.77%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the transaction, the chief executive officer owned 2,179,372 shares of the company’s stock, valued at approximately $730,481,906.96. This trade represents a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 191,884 shares of company stock worth $59,121,365 in the last 90 days. Corporate insiders own 11.64% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Several large investors have recently made changes to their positions in GOOGL. Brighton Jones LLC boosted its position in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. Matrix Asset Advisors Inc. NY boosted its holdings in shares of Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after buying an additional 581 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock worth $85,557,000 after buying an additional 48,805 shares during the period. Finally, United Bank boosted its holdings in shares of Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after purchasing an additional 3,120 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: Blowout Q1 results — strong ad, subscription and Google Cloud growth reset expectations and underpin optimism that AI investments are paying off. Alphabet Cloud Beats Estimates
• Positive Sentiment: Wall Street upgrades and price-target raises from multiple banks (including JPMorgan, Goldman, Cantor Fitzgerald, Citi and others) are amplifying buy-side momentum and providing fresh upside narratives. JPMorgan Price Target Raise
• Positive Sentiment: Big‑picture AI spending tailwinds — hyperscalers’ 2026 AI commitments topping ~$700B increase demand for cloud services and infrastructure that benefits Google Cloud long term. Hyperscalers AI Spend
• Positive Sentiment: Government work: the Pentagon reached agreements with leading AI firms including Google — supports revenue diversity and potential long-term contracts. Pentagon AI Agreements
• Positive Sentiment: Shareholder-friendly moves: Alphabet raised its quarterly dividend (small yield) and saw unusually large call-option buying, both signaling investor confidence and demand for upside exposure.
• Neutral Sentiment: Product momentum: Gemini is rolling into millions of vehicles and partnerships (Stripe integration, Waymo expansions) broaden monetization paths, but revenue impact will scale over time. Gemini in Vehicles
• Negative Sentiment: Regulatory and governance risks — Italy asked the EU to probe Google’s AI search tools; Switzerland opened a probe into keyword-bidding practices; investors are pressing Alphabet on safeguards for cloud/AI use. Those issues increase legal/regulatory uncertainty. Italy EU Probe Request Switzerland Probe Investor Safeguards Push
• Negative Sentiment: Rising CapEx — Alphabet signaled continued heavy investment in AI/data centers; while investors rewarded growth this quarter, sustained high capex can pressure free cash flow and sentiment if growth slows. CapEx Surge Note

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.