Citizens Jmp Reaffirms Market Outperform Rating for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL)‘s stock had its “market outperform” rating reiterated by investment analysts at Citizens Jmp in a research note issued on Wednesday,Benzinga reports. They currently have a $515.00 price objective on the information services provider’s stock. Citizens Jmp’s price objective points to a potential upside of 62.11% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. China Renaissance boosted their price objective on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $438.00 target price (up from $416.00) on shares of Alphabet in a report on Tuesday. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Truist Financial set a $430.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, BNP Paribas Exane increased their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $419.86.

Alphabet Stock Down 7.1%

Shares of NASDAQ GOOGL opened at $317.69 on Wednesday. The firm has a market cap of $3.85 trillion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.41 and a beta of 1.24. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet has a 52-week low of $187.82 and a 52-week high of $408.61. The business’s 50 day moving average is $364.48 and its two-hundred day moving average is $338.88.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 57.20% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Research analysts predict that Alphabet will post 14.34 EPS for the current year.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock worth $7,672,279 over the last quarter. 11.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the fourth quarter worth $32,000. EMC Capital Management acquired a new stake in Alphabet in the fourth quarter valued at $33,000. PMV Capital Advisers LLC purchased a new stake in Alphabet during the 4th quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet during the 4th quarter worth about $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $52,000. Hedge funds and other 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: Alphabet delivered a strong quarter, with revenue of $119.8 billion and EPS of $9.11, both well above expectations, while Google Cloud revenue jumped 82% year over year and YouTube ad revenue also grew solidly. Reuters article
• Positive Sentiment: Management said AI demand is outpacing capacity, which helped justify higher investment plans, and Google Cloud CEO Thomas Kurian said existing customers are spending about 50% more than they initially committed. CNBC article
• Positive Sentiment: Google’s Gemini AI assistant now has more than 950 million monthly users, showing continued traction in its AI products and ecosystem. TechCrunch article
• Neutral Sentiment: Alphabet declared a quarterly dividend of $0.22 per share, a small but shareholder-friendly capital return move. MarketBeat reference
• Neutral Sentiment: Alphabet disclosed a large equity stake in SpaceX, highlighting the value of its investment portfolio, though this is not a direct operating catalyst for the core business. WSJ article
• Negative Sentiment: Shares are falling as investors react to a much higher 2026 capital spending outlook and Alphabet’s first-ever negative free cash flow, raising concerns that AI infrastructure spending could pressure returns. Barron’s article
• Negative Sentiment: Alphabet also faces a new €890 million ($1 billion) EU antitrust fine over Search and Play Store practices, adding regulatory pressure. Reuters article
• Negative Sentiment: Several law firms announced securities-fraud investigations tied to Alphabet’s disclosures, which can add overhang and keep sentiment fragile. Business Wire article

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.