Alphabet (NASDAQ:GOOG) Given New $400.00 Price Target at Piper Sandler

Key Points

• Piper Sandler raised Alphabet’s price target from $395 to $400 and maintained an “overweight” rating, implying approximately 18.2% upside from the stock’s $338.38 price. Analysts overall rate Alphabet a “Buy,” with a consensus target of $419.93.
• Alphabet reported strong quarterly results, including $9.11 in EPS versus the $2.87 estimate and $119.80 billion in revenue, up 24.2% year over year.
• Insiders sold 441,428 shares worth approximately $8.7 million over the past 90 days, while institutional investors and hedge funds own 27.26% of the company.

Alphabet (NASDAQ:GOOG - Get Free Report) had its target price boosted by investment analysts at Piper Sandler from $395.00 to $400.00 in a report released on Monday. The brokerage presently has an "overweight" rating on the information services provider's stock. Piper Sandler's price target points to a potential upside of 18.21% from the company's current price.

A number of other brokerages have also issued reports on GOOG. The Goldman Sachs Group dropped their target price on Alphabet from $440.00 to $435.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. China Renaissance reduced their price target on Alphabet from $485.00 to $445.00 and set a "buy" rating for the company in a research report on Friday, July 24th. DZ Bank raised shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. UBS Group reiterated a "neutral" rating and issued a $379.00 price objective (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Morgan Stanley cut their price objective on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $419.93.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $338.38 on Monday. The company has a fifty day moving average price of $341.79 and a 200 day moving average price of $344.44. The firm has a market cap of $4.14 trillion, a PE ratio of 17.00, a PEG ratio of 0.99 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet has a 1-year low of $236.68 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. Research analysts predict that Alphabet will post 20.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 112 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of 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. The SEC filing for this sale provides additional information. Insiders sold a total of 441,428 shares of company stock worth $8,688,139 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at about $29,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the fourth quarter worth about $38,000. Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $41,000. Toth Financial Advisory Corp acquired a new position in Alphabet during the second quarter worth approximately $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in Alphabet in the second quarter valued at approximately $46,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google reportedly plans to invest approximately $15 billion in Finland, potentially supporting AI infrastructure and data-center development. Finland’s political stability, resilience and access to clean energy are being promoted as competitive advantages for attracting large technology investments. Exclusive: Google bets $15B on Finland as nation's president explains why
• Positive Sentiment: Alphabet’s Google Cloud expanded its collaboration with Thales to secure and govern agentic-AI workflows using Thales’ AI Security Fabric and Gemini Enterprise. The agreement could strengthen Google Cloud’s enterprise appeal as companies seek controls for AI agents, models and data. Thales Expands Collaboration with Google Cloud to Help Secure Agentic AI Workflows
• Positive Sentiment: Wall Street analysts reiterated a “Buy” view on Alphabet, reinforcing confidence in the company’s earnings outlook and AI-related growth prospects. Alphabet Stock Rated Buy by Wall Street Analysts
• Positive Sentiment: Google DeepMind is nearing the release of Gemini 4. A stronger model could improve Alphabet’s competitive position in AI, support cloud demand and increase usage of Google’s consumer products, although execution and monetization remain key risks. Is Gemini 4 the Catalyst Alphabet Needs to Win the AI Race?
• Positive Sentiment: Berkshire Hathaway has reportedly built a roughly $38 billion Alphabet position, including a recent $10 billion private placement. The investment is a notable institutional vote of confidence, though it does not directly change Alphabet’s operating results. Greg Abel Deployed $10 Billion Into Alphabet's Private Placement
• Positive Sentiment: Google is testing purchases from Walmart-owned Flipkart through Gemini and AI Mode in India, signaling a push to turn AI search from product discovery into transaction-driven commerce. Google tests buying from Flipkart through Gemini and AI Mode in India
• Neutral Sentiment: Analysts expect massive global AI infrastructure spending, potentially benefiting Alphabet’s cloud and computing businesses, but the estimated $10 trillion buildout also highlights substantial capital requirements and uncertainty over who will ultimately finance it. AI's $10 Trillion Buildout Will Reach 3.6% of GDP
• Negative Sentiment: Alphabet’s AI expansion requires significant spending on chips, data centers and talent. Commentary about the scale of the AI buildout therefore raises concerns about capital intensity and potential pressure on returns if monetization lags investment.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google's core internet businesses from a collection of other ventures. Google remains Alphabet's largest business and serves users, advertisers, businesses and developers worldwide.

Google's principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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