Alphabet (NASDAQ:GOOG) Earns Buy Rating from Analysts at Rosenblatt Securities

Key Points

• Rosenblatt Securities initiated coverage of Alphabet with a “buy” rating. Overall analyst sentiment remains positive, with a consensus “Buy” rating and average price target of $415.55.
• Alphabet reported quarterly revenue of $119.80 billion, up 24.2% year over year, while adjusted EPS of $9.11 exceeded the $2.87 consensus estimate.
• GOOG shares traded at $339.12, below their 50-day moving average of $351.04 but near the 200-day average of $339.72; insiders have sold roughly $12.4 million of stock over the past 90 days.

Equities researchers at Rosenblatt Securities initiated coverage on shares of Alphabet (NASDAQ:GOOG - Get Free Report) in a research note issued to investors on Thursday. The firm set a "buy" rating on the information services provider's stock.

A number of other research analysts have also recently weighed in on GOOG. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a report on Thursday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $415.55.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded down $2.58 during trading on Thursday, hitting $339.12. The company had a trading volume of 1,234,860 shares, compared to its average volume of 21,106,250. Alphabet has a 12 month low of $200.40 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market capitalization of $4.15 trillion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The stock has a 50 day simple moving average of $351.04 and a 200 day simple moving average of $339.72.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. 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 analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 EPS. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Alphabet will post 20.51 earnings per share for the current year.

Insider Activity

In other news, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the transaction, the director directly owned 18,914 shares of the company's stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,945 shares of company stock valued at $12,382,714 in the last ninety days. 12.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in Alphabet during the second quarter worth $29,000. Imprint Wealth LLC acquired a new position in shares of Alphabet in the third quarter worth about $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet in the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet during the 4th quarter worth about $38,000. Finally, Bard Associates Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s expanded custom-AI-chip partnership with Marvell includes a warrant allowing Google to acquire up to roughly 6.7% of Marvell. The agreement could diversify Alphabet’s chip supply beyond Broadcom and support more efficient, internally optimized AI infrastructure. Marvell pops on AI chip deal that lets Google buy up to $12.2 billion in shares
• Positive Sentiment: Google Cloud’s reported 82% year-over-year revenue growth to $24.8 billion provides tangible evidence that Alphabet’s AI investments are generating strong demand and helping the company compete with Azure and AWS. Google Cloud Grew 82% Last Quarter
• Positive Sentiment: Waymo opened its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco, marking progress toward scaling Alphabet’s autonomous-driving business with lower operating and manufacturing costs. Waymo’s cheaper next-generation robotaxi
• Positive Sentiment: Google launched new AI-powered study features across Search and Gemini, including interactive visuals, simulations and personalized quizzes, supporting broader consumer adoption of its AI products. Google launches new study tools
• Neutral Sentiment: Conduent is collaborating with Google Cloud on generative-AI eDiscovery tools. The announcement strengthens Alphabet’s enterprise-AI ecosystem, although the immediate financial contribution was not disclosed. Conduent collaborates with Google Cloud
• Negative Sentiment: Alphabet raised about $3.9 billion in Australian-dollar bonds as AI spending surges. The funding supports infrastructure expansion but increases debt-servicing obligations and highlights the capital intensity of the AI buildout. Alphabet raises $3.9 billion in Australian bond sale
• Negative Sentiment: Prediction-market traders expect Google’s flagship Gemini Pro release to slip into the autumn. A delay could raise concerns about Alphabet’s ability to maintain its pace in the generative-AI competition. Traders bet Google’s delayed Gemini flagship will slip

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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