Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Reduction from Rosenblatt Securities

Alphabet (NASDAQ:GOOGL) had its target price trimmed by Rosenblatt Securities from $410.00 to $380.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

A number of other analysts have also issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, October 8th. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the company an “overweight” rating in a research report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $410.46.

Alphabet Trading Down 1.4%

Shares of NASDAQ GOOGL opened at $279.84 on Thursday. Alphabet has a one year low of $270.70 and a one year high of $408.61. The firm has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a PEG ratio of 0.82 and a beta of 1.21. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $339.07 and a two-hundred day moving average price of $340.17.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. As a group, analysts predict that Alphabet will post 20.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

Large investors have recently made changes to their positions in the company. State Street Corp increased its position in Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Amundi boosted its position in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after buying an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after buying an additional 1,631,721 shares in the last quarter. Swiss National Bank boosted its position in Alphabet by 7.1% in the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after buying an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.