Royal Bank Of Canada Reaffirms “Outperform” Rating for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a report issued on Thursday,Benzinga reports. They currently have a $425.00 price objective on the information services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 32.95% from the stock’s current price.

Several other equities research analysts have also weighed in on GOOGL. Susquehanna restated a “positive” rating and issued a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Phillip Securities lifted their price target on shares of Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a research report on Wednesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research note on Wednesday, June 3rd. Daiwa Securities Group upped their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, China Renaissance raised 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. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $415.65.

Alphabet Stock Down 6.6%

Alphabet stock traded down $22.42 during mid-day trading on Thursday, hitting $319.67. 35,694,000 shares of the company’s stock were exchanged, compared to its average volume of 32,244,561. Alphabet has a 1-year low of $187.82 and a 1-year high of $408.61. The stock has a 50 day moving average of $366.14 and a two-hundred day moving average of $338.86. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.87 trillion, a P/E ratio of 24.30, a P/E/G ratio of 1.44 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts anticipate that Alphabet will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EMC Capital Management bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $33,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC acquired a new stake in Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet in the 4th quarter valued at $38,000. Finally, Bard Associates Inc. bought a new stake in Alphabet in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reported a major Q2 earnings beat, with revenue and EPS topping Wall Street estimates, while Google Cloud revenue surged 82% year over year and YouTube ads also grew, showing that AI demand is translating into real business momentum. Article Title
• Positive Sentiment: Management said AI demand is outpacing current capacity, which supports higher 2026 capital spending and suggests long-term revenue opportunities across Search, Cloud, YouTube, and Gemini, which now has more than 950 million monthly users. Article Title
• Neutral Sentiment: Alphabet continues to strengthen its AI ecosystem, with Gemini nearing a billion-user milestone and a new study arguing AI is helping workers rather than replacing them, which could support confidence in the company’s platform strategy. Article Title
• Negative Sentiment: Investors are worried that Alphabet’s AI spending spree is pressuring profits: free cash flow turned negative for the first time, CapEx guidance was increased, and shares were hit hard as Wall Street questioned whether the heavier investment will generate acceptable returns. Article Title
• Negative Sentiment: Sentiment was further weighed down by a new €890 million/$1 billion EU antitrust fine over Search and Play Store practices, adding regulatory risk at a time when investors are already focused on cash burn and AI spending. Article Title

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.