Truist Financial Increases Alphabet (NASDAQ:GOOGL) Price Target to $415.00

Key Points

• Truist Financial raised its price target on Alphabet to $415 from $385 and maintained a "buy" rating, implying about an 18.59% upside from the stock's current price.
• Wall Street consensus remains positive with a MarketBeat average target of $372.14 and analyst ratings skewing bullish (2 Strong Buy, 46 Buy, 4 Hold), giving Alphabet a consensus of "Moderate Buy."
• Alphabet's Q1 results beat expectations—EPS $5.11 vs. $2.64 and revenue $109.9B vs. $106.6B—driven by strong Google Cloud growth (~63% and >$20B in revenue) and subscription/YouTube momentum that support the upbeat outlook.

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price objective lifted by equities researchers at Truist Financial from $385.00 to $415.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the information services provider's stock. Truist Financial's target price would suggest a potential upside of 18.59% from the stock's current price.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada reissued a "buy" rating on shares of Alphabet in a research note on Monday. Moffett Nathanson boosted their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Citigroup restated a "buy" rating and set a $405.00 price target (up from $390.00) on shares of Alphabet in a research report on Tuesday, April 14th. Raymond James Financial raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, January 22nd. Finally, Daiwa Securities Group upped their price objective on shares of Alphabet from $333.00 to $380.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $372.14.

Alphabet Stock Up 0.0%

GOOGL stock opened at $349.94 on Thursday. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 32.37, a P/E/G ratio of 2.17 and a beta of 1.12. The firm has a 50-day simple moving average of $312.08 and a 200-day simple moving average of $307.27. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet has a 52 week low of $147.84 and a 52 week high of $355.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.59 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Equities analysts forecast that Alphabet will post 11.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,037,192 shares of company stock worth $94,182,217. 11.55% of the stock is currently owned by company insiders.

Institutional Trading of Alphabet

Several hedge funds have recently made changes to their positions in the company. EMC Capital Management acquired a new position in shares of Alphabet in the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth 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: Q1 earnings beat driven by Google Cloud — revenue and EPS topped estimates, with Google Cloud growth accelerating (~63%) and Cloud revenues surpassing $20B, validating AI infrastructure demand and directly lifting revenue expectations. Alphabet's cloud unit beats quarterly revenue estimates
• Positive Sentiment: Subscriptions and YouTube momentum — Alphabet added ~25M paid subscriptions (now ~350M) and YouTube ad revenue rose ~11%, showing diversified and recurring revenue gains beyond search ads. Google gains 25M subscriptions
• Positive Sentiment: Analyst optimism — Wall Street upside: Pivotal Research lifted its price target to $470 (highest on the Street) and other firms reiterated buy ratings after the beat, supporting further upside potential. Wall Street sets Google stock price target
• Positive Sentiment: Commercial partnerships expand monetization — Stripe deal enables in-AI purchases inside Google’s AI Mode/Gemini, opening new transaction revenue streams. Stripe scales AI economic infrastructure with Google deal
• Neutral Sentiment: Defense/DoD contract expands TAM but carries controversy — Alphabet granted Pentagon access to Gemini on classified networks, opening durable government revenue but triggering employee and governance pushback. This is strategic revenue diversification but politically sensitive. Google clears Pentagon to use AI tools
• Negative Sentiment: Regulatory and governance risks — EU is shifting focus to cloud/AI rules and shareholders are pressing Alphabet on safeguards for government use of its tech, raising compliance and reputational risk. Alphabet investors push for safeguards
• Negative Sentiment: Operational/capacity concerns and heavy AI spending scrutiny — Cloud said growth was capacity-constrained and investors remain attentive to how Alphabet allocates capacity and capital; the scale of AI capex has prompted debate over whether new revenue justifies costs. Google Cloud surpasses $20B but says growth was capacity-constrained
• Negative Sentiment: Antitrust/competitive probes — Switzerland opened an investigation into alleged keyword-bidding pacts involving Google and Bing, a regulatory headline that could add legal/PR noise. Switzerland probes alleged pacts to avoid keyword bidding
• Negative Sentiment: Macro/sentiment swings in AI supply chain — semiconductor/AI infrastructure volatility (OpenAI-related headlines) can ripple through Alphabet’s suppliers and investor sentiment, creating short-term headwinds. AI drives growth, but here's why investors lauded GOOG but punished META

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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