JPMorgan Chase & Co. Issues Pessimistic Forecast for Alphabet (NASDAQ:GOOG) Stock Price

Alphabet (NASDAQ:GOOG) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $425.00 to $375.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 32.83% from the company’s previous close.

GOOG has been the subject of several other reports. The Goldman Sachs Group dropped their target price on Alphabet from $440.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Scotiabank reiterated a “sector outperform” rating and set a $375.00 price objective (down from $450.00) on shares of Alphabet in a research report on Thursday. Moffett Nathanson lowered their target price on shares of Alphabet from $380.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Oppenheimer restated an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $412.05.

Alphabet Price Performance

Shares of GOOG stock traded down $39.57 during trading hours on Thursday, reaching $282.32. The company’s stock had a trading volume of 91,798,694 shares, compared to its average volume of 20,542,471. Alphabet has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The firm’s 50 day simple moving average is $338.12 and its 200-day simple moving average is $338.76. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.91 and a beta of 1.19.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Alphabet’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm posted $2.87 EPS. Sell-side analysts forecast that Alphabet will post 20.60 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares in the last quarter. State Street Corp boosted its position in Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. Amundi grew its position in Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after buying an additional 4,083,758 shares during the period. Deutsche Bank AG grew its position in shares of Alphabet by 5.6% during the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock valued at $6,117,460,000 after acquiring an additional 913,666 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Alphabet by 24.9% in the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider’s stock valued at $6,080,616,000 after buying an additional 3,432,287 shares during the period. 27.26% of the stock is owned by institutional investors.

Key Alphabet News

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 operating income tripled and margins expanded to 36.2%. Backlog increased to roughly $561 billion, supporting the long-term case for Alphabet’s cloud and AI investments. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Revenue rose 24.7% year over year to $127.6 billion, and search query growth reached its strongest rate in five years. Analysts who remain bullish argue that Alphabet’s valuation, advertising franchise and growing cloud business could create a long-term buying opportunity. Alphabet: Generational Buy Opportunity
• Neutral Sentiment: OpenAI reportedly plans to purchase Google’s custom TPU chips, potentially expanding Alphabet’s AI infrastructure business and reducing reliance on Nvidia. However, the commercial impact and deal terms remain uncertain. OpenAI Reportedly Plans to Buy Google’s AI Chips
• Negative Sentiment: Alphabet reported adjusted EPS of $2.12, well below expectations near $3.00, while revenue also narrowly missed forecasts. An approximately $8.7 billion unrealized investment loss, largely tied to its SpaceX stake, significantly pressured reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Capital expenditures reached about $51.4 billion and quarterly free cash flow turned negative by roughly $9.1 billion. Investors are questioning whether Alphabet can generate sufficient returns from its AI infrastructure spending, particularly as debt and other potential AI obligations increase. Alphabet Falls After Earnings
• Negative Sentiment: Search and YouTube advertising growth was weaker than expected, reinforcing fears that AI chatbots and AI-generated search results could reduce direct user engagement or shift Alphabet toward lower-margin queries. Analysts have consequently flagged slower search growth and margin pressure. Alphabet Earnings Reflect AI Pressure on Search

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.