TD Cowen Reiterates Buy Rating for Alphabet (NASDAQ:GOOG)

Alphabet (NASDAQ:GOOG)‘s stock had its “buy” rating restated by equities researchers at TD Cowen in a report issued on Thursday,Benzinga reports. They presently have a $475.00 price objective on the information services provider’s stock. TD Cowen’s target price would suggest a potential upside of 48.86% from the company’s current price.

GOOG has been the subject of several other reports. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. UBS Group restated a “neutral” rating and issued a $379.00 target price (down from $400.00) on shares of Alphabet in a research note on Thursday. Pivotal Research increased their price target on shares of Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus set a $420.00 price target on Alphabet in a research note on Wednesday, May 20th. Finally, Truist Financial lowered their price objective on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $410.09.

Alphabet Stock Performance

Alphabet stock opened at $319.09 on Thursday. Alphabet has a 52 week low of $188.70 and a 52 week high of $404.47. The company has a current ratio of 2.72, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.87 trillion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.31 and a beta of 1.23. The stock has a 50 day moving average of $360.63 and a 200-day moving average of $337.38.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, analysts expect that Alphabet will post 14.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares in the company, 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. Over the last three months, insiders sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GOOG. Processus Wealth & Capital Management LLC raised its stake in shares of Alphabet by 1.0% during the second quarter. Processus Wealth & Capital Management LLC now owns 20,553 shares of the information services provider’s stock valued at $7,262,000 after purchasing an additional 200 shares in the last quarter. Ballast Inc. grew its position in Alphabet by 15.5% in the 2nd quarter. Ballast Inc. now owns 15,191 shares of the information services provider’s stock valued at $5,367,000 after buying an additional 2,034 shares in the last quarter. GoalFusion Wealth Management LLC grew its position in Alphabet by 34.4% in the 2nd quarter. GoalFusion Wealth Management LLC now owns 2,073 shares of the information services provider’s stock valued at $733,000 after buying an additional 531 shares in the last quarter. Insight Wealth Strategies LLC increased its stake in Alphabet by 2.2% during the 2nd quarter. Insight Wealth Strategies LLC now owns 12,674 shares of the information services provider’s stock valued at $4,536,000 after buying an additional 273 shares during the period. Finally, Accel Wealth Management increased its stake in Alphabet by 1.0% during the 2nd quarter. Accel Wealth Management now owns 4,250 shares of the information services provider’s stock valued at $1,502,000 after buying an additional 43 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.