Alphabet (NASDAQ:GOOGL) Price Target Raised to $460.00 at Mizuho

Key Points

• Mizuho raised its price target on Alphabet to $460 (from $420) and maintained an outperform rating, implying roughly an 18.4% upside from the current share price.
• Alphabet beat Q1 expectations, reporting $5.11 EPS vs. $2.64 consensus and $109.9B in revenue, fueling multiple analyst price-target upgrades and a MarketBeat consensus rating of "Moderate Buy" with an average target around $406.71.

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price target upped by analysts at Mizuho from $420.00 to $460.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the information services provider's stock. Mizuho's price target indicates a potential upside of 18.42% from the stock's current price.

GOOGL has been the topic of several other reports. DZ Bank reiterated a "buy" rating on shares of Alphabet in a research note on Monday, February 16th. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their target price on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Wedbush lifted their target price on Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $406.71.

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Alphabet Trading Up 1.4%

Shares of GOOGL stock opened at $388.46 on Wednesday. The business's 50 day moving average is $315.19 and its two-hundred day moving average is $309.67. Alphabet has a twelve month low of $147.84 and a twelve month high of $392.82. The company has a market capitalization of $4.70 trillion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Equities analysts forecast that Alphabet will post 13.58 EPS for the current year.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Gerald Baker Financial Group LLC purchased a new position in shares of Alphabet in the first quarter valued at $1,656,000. Allspring Global Investments Holdings LLC increased its position in shares of Alphabet by 1.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,439,865 shares of the information services provider's stock valued at $725,591,000 after buying an additional 44,627 shares in the last quarter. Thayer Partners LLC MA increased its position in shares of Alphabet by 5.4% in the first quarter. Thayer Partners LLC MA now owns 1,299 shares of the information services provider's stock valued at $374,000 after buying an additional 66 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of Alphabet in the first quarter valued at $20,824,000. Finally, Bancreek Capital Management LP increased its position in shares of Alphabet by 264.8% in the first quarter. Bancreek Capital Management LP now owns 8,955 shares of the information services provider's stock valued at $2,575,000 after buying an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic reportedly committed to a multiyear, very large cloud deal with Google — a reported $200 billion spend over five years would lock in massive Google Cloud revenue and capacity demand. Anthropic commits to spending $200 billion on Google's cloud and chips, The Information reports
• Positive Sentiment: Wall Street momentum: multiple firms raised price targets and reaffirmed buy ratings after strong Q1 (Daiwa, President Capital, New Street, China Renaissance, Citizens/JMP and JPMorgan reaffirmations), supporting upside expectations. Daiwa Securities adjusts price target on Alphabet to $445
• Positive Sentiment: Strategic product/compute move: reports that Google will sell TPUs directly point to a push to capture more AI-infrastructure economics (good for Google Cloud revenue and a competitive play versus NVIDIA). This underpins investor enthusiasm about verticalizing AI stack revenue. Google Moves to Sell TPUs Directly: A Major Shift That Might Pressure NVIDIA's AI Compute Dominance
• Positive Sentiment: Capital markets vote of confidence: Alphabet’s large euro bond sale saw strong demand, easing funding for its AI capex push and signaling solid investor appetite for its balance-sheet strategy. Alphabet taps euro bond market with six-tranche offering
• Positive Sentiment: Operational traction: multiple write-ups note Google Cloud growth outpacing competitors and a rising cloud backlog — supports durable revenue growth above advertising. Alphabet's Google Cloud growth outpaces AWS and Azure
• Neutral Sentiment: U.S. security reviews / stress tests: the U.S. government’s expanded access to unreleased models (including Google/DeepMind) for risk assessments increases scrutiny but could also accelerate standards that favor larger, compliant players. What we know about US stress tests of Google, xAI and Microsoft AI models
• Negative Sentiment: Regulatory/data-risk flag: a senior Google scientist warned EU proposals to force data-sharing with rivals (e.g., for search) could expose user data — this signals material regulatory risk to Google’s core search model and revenue if rules tighten. Top Google scientist says EU data measures pose privacy risk for users
• Negative Sentiment: Labor and reputational risks: DeepMind/Google AI staff in the UK have voted to unionize and are protesting military-related contracts — potential for workplace disruption and reputational/headline risk during a sensitive regulatory period. UK Google DeepMind employees vote to unionize over its AI military deals
• Negative Sentiment: Traffic-referral implications: Reach PLC reports a drop in digital revenue tied to weaker Google search/referral traffic — a reminder that changes to search/referral dynamics can affect publisher ecosystems (and could presage volatility in search-related monetization trends). Reach revenue falls as Google traffic slump continues to hit digital income
• Negative Sentiment: Analyst downgrade: Freedom Capital cut its rating to “hold,” a counterpoint to multiple buy/rating upgrades and a reminder some firms are taking profits or noting valuation/capex risks. Freedom Capital downgrade to hold (Zacks)

Alphabet Company Profile

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.

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