New Street Research Issues Positive Forecast for Alphabet (NASDAQ:GOOGL) Stock Price

Key Points

• New Street Research raised its price target on Alphabet to $450 (from $380) and kept a "buy" rating, signaling roughly a 17.7% upside, while analysts' consensus remains a "Moderate Buy" with an average target near $400.46.
• Alphabet crushed Q1 estimates with EPS of $5.11 versus $2.64 expected and $109.9B in revenue, driven by strong Google Cloud performance (about 63% YoY growth) and a backlog near $460B that supports durable enterprise demand.
• Insiders sold roughly 191,053 shares (~$58.8M) last quarter, including a large sale by John Kent Walker, while institutional investors own about 40% of the stock—actions that add governance and sentiment noise amid the bullish analyst revisions.

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price objective upped by analysts at New Street Research from $380.00 to $450.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a "buy" rating on the information services provider's stock. New Street Research's price objective would indicate a potential upside of 17.66% from the company's previous close.

Several other equities analysts have also issued reports on GOOGL. Rosenblatt Securities lifted their target price on shares of Alphabet from $357.00 to $393.00 and gave the company a "neutral" rating in a report on Thursday. Robert W. Baird raised their price objective on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday. Sanford C. Bernstein reiterated a "market perform" rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the stock a "buy" rating in a research note on Thursday. Finally, Evercore raised their price target on shares of Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.46.

Alphabet Stock Performance

Alphabet stock opened at $382.46 on Monday. Alphabet has a 1-year low of $147.84 and a 1-year high of $387.38. 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 firm has a market capitalization of $4.63 trillion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The firm's 50 day simple moving average is $313.72 and its 200 day simple moving average is $308.70.

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, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts expect that Alphabet will post 12.94 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 191,053 shares of company stock worth $58,845,206 over the last quarter. 11.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EMC Capital Management purchased a new stake in Alphabet during the 4th quarter valued at about $33,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC purchased a new position in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter valued at approximately $52,000. 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: Analyst boost — Citizens analyst Andrew Boone raised his price target on Alphabet from $385 to $515 and kept an Outperform rating, signaling stronger upside expectations. Analysts revise Google stock price target
• Positive Sentiment: Historic April driven by cloud and AI — Zacks reports Alphabet logged its best month since 2004 on cloud and AI strength, drawing ETF flows that spotlight the company’s growth story. How Alphabet Clocked a Historic April: ETFs in Focus
• Positive Sentiment: Waymo funding surge — Heavy VC activity in AVs this year funneled the largest share to Waymo, which raised $16B in February, supporting long-term optionality for Alphabet’s autonomous-vehicle play. Big money is betting the self-driving future belongs to a small club
• Positive Sentiment: Strong cloud metrics — Analysis highlights Google Cloud’s 63% YoY growth in Q1 and a backlog near $460B, underscoring durable revenue acceleration and enterprise demand. Alphabet Is Outgrowing Amazon and Microsoft Where It Matters Most -- Why This Makes Alphabet Stock a Buy
• Neutral Sentiment: Bullish write-ups and buy-case summaries are circulating, adding retail/institutional interest but largely restating the same growth thesis. Is Alphabet Inc. (GOOGL) A Good Stock To Buy Now?
• Neutral Sentiment: Sector positioning notes: communication-services ETFs are highly concentrated in the top names, which can amplify GOOGL moves but also increases sector risk. Concentration Risk High as Top Two Stocks Steer U.S. Communication Services ETF Performance
• Negative Sentiment: Capex and leverage caution — Zacks also flags rising capex and debt levels tied to AI infrastructure, which could weigh on margins or investor sentiment despite revenue strength. How Alphabet Clocked a Historic April: ETFs in Focus
• Negative Sentiment: Data-center constraints — Denmark’s pause on new grid connections highlights broader energy and permitting risks for large-scale data-center expansion, a potential headwind for cloud growth plans. Denmark faces data center reckoning as power grid overwhelmed by surging demand
• Negative Sentiment: Corporate/headline risks — Industry layoff debates and a small director sell ($37,842) add governance and sentiment noise; these items can temper an otherwise bullish momentum trade. Is Big Tech's $725B AI splurge being funded by mass layoffs? Alphabet Director Sells $37,842.00 in Stock

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.

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