Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Cut from Citizens Jmp

Alphabet (NASDAQ:GOOGL) had its price target trimmed by Citizens Jmp from $515.00 to $450.00 in a research note released on Thursday,Benzinga reports. They currently have a market outperform rating on the information services provider’s stock.

Several other analysts also recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $420.00 target price on shares of Alphabet in a research note on Monday, October 12th. Tigress Financial reissued a “strong-buy” rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, October 8th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $417.00 price target (up from $411.00) on shares of Alphabet in a report on Tuesday, October 6th. Finally, KeyCorp lowered their price target on Alphabet from $435.00 to $410.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $425.04.

Alphabet Trading Down 1.2%

Shares of NASDAQ GOOGL opened at $320.21 on Thursday. The firm’s 50 day moving average price is $342.79 and its 200-day moving average price is $352.81. The company has a market cap of $3.92 trillion, a PE ratio of 16.08, a P/E/G ratio of 0.92 and a beta of 1.21. Alphabet has a 52-week low of $255.32 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

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, 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 company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, equities research analysts expect that Alphabet will post 20.60 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 315,765 shares of company stock worth $6,297,980. Company insiders own 11.61% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Level Wealth Management LLC purchased a new stake in Alphabet in the third quarter worth about $454,000. Holos Integrated Wealth LLC raised its stake in shares of Alphabet by 40.1% in the third quarter. Holos Integrated Wealth LLC now owns 1,485 shares of the information services provider’s stock worth $511,000 after buying an additional 425 shares during the period. Townsend & Associates Inc lifted its position in shares of Alphabet by 1.3% during the 3rd quarter. Townsend & Associates Inc now owns 6,583 shares of the information services provider’s stock valued at $2,242,000 after buying an additional 83 shares in the last quarter. Aries Wealth Management lifted its position in shares of Alphabet by 0.4% during the 3rd quarter. Aries Wealth Management now owns 32,871 shares of the information services provider’s stock valued at $11,310,000 after buying an additional 130 shares in the last quarter. Finally, Tower View Wealth Management LLC grew its stake in shares of Alphabet by 7.2% during the 3rd quarter. Tower View Wealth Management LLC now owns 19,661 shares of the information services provider’s stock valued at $6,765,000 after acquiring an additional 1,329 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI investment story remains a potential long-term support. Analysts and investors point to rising demand for Google Cloud, internally developed TPU chips, advertising resilience, and the potential for Gemini and other AI products to drive future growth. Alphabet Investing Behind AI Demand and TPU Growth
• Positive Sentiment: Pre-earnings coverage remains constructive on Alphabet’s third-quarter outlook, citing AI adoption, cloud growth, and advertising strength. Erste Group also modestly raised its fiscal 2027 EPS forecast, while Citizens JMP maintained a “market outperform” rating despite lowering its price target. Pre-Q3 Earnings Alphabet Stock Outlook
• Neutral Sentiment: Alphabet’s quarterly preferred-stock dividend announcement is unlikely to materially affect GOOGL common shares. Investors are instead focused on operating results, capital expenditures, margins, and management’s AI spending guidance.
• Neutral Sentiment: The upcoming earnings report is the key near-term catalyst. Strong cloud and advertising metrics could help stabilize the stock, but investors may react negatively if capital spending rises faster than AI-related revenue and cash flow.
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against Alphabet concerning the May 19–July 16 trading period. The complaints allege that Alphabet failed to disclose important information about Gemini 3.5 Pro’s development and launch readiness; the allegations have not been proven. Lead-plaintiff deadlines are generally December 1, with one notice citing November 30. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: A reported Google Cloud outage in London disrupted financial and public-sector services and prompted scrutiny from UK regulators and lawmakers, raising operational, reputational, and regulatory concerns. Alphabet Cloud Outage and Regulation
• Negative Sentiment: The broader AI sell-off is weighing on Alphabet as investors question whether enormous data-center, chip, power, and compute expenditures will generate adequate returns. Heavy spending is also contributing to concerns about future margins and valuation.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.