Alphabet (NASDAQ:GOOGL) Stock Price Expected to Rise, Phillip Securities Analyst Says

Alphabet (NASDAQ:GOOGL) had its target price hoisted by stock analysts at Phillip Securities from $340.00 to $395.00 in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a “moderate buy” rating on the information services provider’s stock. Phillip Securities’ price target indicates a potential upside of 17.55% from the company’s previous close.

GOOGL has been the topic of a number of other research reports. Wells Fargo & Company dropped their price target on Alphabet from $397.00 to $361.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, February 9th. Citizens Jmp reissued a “market outperform” rating and issued a $385.00 price objective on shares of Alphabet in a research note on Monday. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Canaccord Genuity Group set a $415.00 target price on Alphabet in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $367.62.

Alphabet Trading Down 0.3%

Shares of GOOGL opened at $336.02 on Wednesday. The business’s 50-day moving average price is $306.45 and its 200 day moving average price is $300.68. The stock has a market capitalization of $4.06 trillion, a P/E ratio of 31.08, a P/E/G ratio of 2.08 and a beta of 1.12. Alphabet has a 1-year low of $146.10 and a 1-year high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Analysts expect that Alphabet will post 8.9 earnings per share for the current year.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at $1,405,091.71. This trade represents a 18.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,068,744 shares of company stock valued at $104,505,914. Corporate insiders own 11.64% of the company’s stock.

Institutional Trading of Alphabet

Several large investors have recently made changes to their positions in GOOGL. Norges Bank bought a new stake in Alphabet during the 4th quarter valued at approximately $30,534,239,000. Berkshire Hathaway Inc bought a new stake in shares of Alphabet in the 3rd quarter worth approximately $4,338,397,000. Cardano Risk Management B.V. lifted its position in shares of Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock worth $4,546,413,000 after acquiring an additional 13,004,828 shares during the period. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. Finally, Capital World Investors lifted its position in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. Institutional investors own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: NiSource signed a long‑term power supply agreement with an Alphabet unit to support a large Indiana data center, reducing energy‑supply risk and supporting capacity expansion on which cloud/AI revenue depends. NiSource signs long-term power deal with Alphabet, expands Amazon agreement
• Positive Sentiment: Reports say Google is negotiating a deal to allow the Pentagon to deploy its Gemini models in classified settings — a potential high‑value government customer and proof point for Gemini’s enterprise/security positioning. Google, Pentagon discuss classified AI deal, the Information reports
• Positive Sentiment: Google expanded consumer AI features: users can now link personal photos to Gemini and Nano Banana for personalized image generation — an engagement and monetization positive for search/assistant and image services. Google will let users connect their photos to the Gemini chatbot and Nano Banana
• Positive Sentiment: Wall Street momentum: Citi and Phillip Securities raised price targets (Citi to $405; Phillip to $395) and several bullish analyst notes were published ahead of Q1 results, which can support near‑term buying interest. Wall Street sets Google stock price target for the next twelve months Phillip Securities adjusts price target on Alphabet
• Positive Sentiment: Analyst commentary (Zacks) highlights Alphabet’s strong earnings‑surprise history and suggests conditions are favorable for another upside surprise in the next report — supportive for investor sentiment ahead of earnings. Will Alphabet (GOOG) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Industry note: reports about Anthropic exploring custom chips point to broader AI infrastructure shifts that could reshape supplier dynamics (Broadcom, Nvidia) but have indirect implications for Alphabet’s cost/partner ecosystem. Why Anthropic’s Custom Chip Plans Could Benefit Broadcom (GOOGL)
• Neutral Sentiment: Google reported blocking a record number of bad ads while suspending fewer advertisers, raising platform‑quality and moderation questions but not an immediate revenue threat. Google is now targeting bad ads over bad actors
• Negative Sentiment: The European Commission told Google it must give rival search engines access to wide ranges of search and chatbot data under DMA compliance proposals — a major regulatory overhang that could affect search advantages, ad targeting data and competitive moat. Google should allow third-party search engines access to data, EU says
• Negative Sentiment: Stifel Nicolaus reduced expectations for Alphabet’s stock price, adding a modest negative analyst view amid mixed signals; this may add some selling pressure for momentum traders. Stifel Nicolaus Has Lowered Expectations for Alphabet (NASDAQ:GOOGL) Stock Price

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.