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

Alphabet (NASDAQ:GOOGL) had its price target upped by analysts at Wedbush from $210.00 to $220.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the information services provider’s stock. Wedbush’s price objective suggests a potential upside of 12.54% from the stock’s current price. Wedbush also issued estimates for Alphabet’s Q2 2025 earnings at $2.17 EPS, Q3 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.46 EPS, FY2025 earnings at $8.94 EPS and FY2026 earnings at $9.90 EPS.

Several other research analysts also recently commented on GOOGL. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. DA Davidson assumed coverage on Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $206.82.

Alphabet Stock Down 0.7 %

GOOGL opened at $195.49 on Monday. The company’s 50-day moving average price is $181.36 and its two-hundred day moving average price is $172.72. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet has a twelve month low of $130.66 and a twelve month high of $201.42. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the business posted $1.55 earnings per share. As a group, equities analysts expect that Alphabet will post 8.01 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,406,343.27. The trade was a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the transaction, the director now owns 26,324 shares in the company, valued at approximately $4,342,143.80. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,887 shares of company stock worth $27,996,356. Corporate insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

A number of large investors have recently made changes to their positions in the company. McAlister Sweet & Associates Inc. boosted its stake in shares of Alphabet by 1.5% during the 4th quarter. McAlister Sweet & Associates Inc. now owns 28,733 shares of the information services provider’s stock worth $5,439,000 after acquiring an additional 425 shares during the last quarter. Range Financial Group LLC lifted its position in Alphabet by 2.6% during the fourth quarter. Range Financial Group LLC now owns 3,085 shares of the information services provider’s stock valued at $584,000 after purchasing an additional 78 shares in the last quarter. One Wealth Capital Management LLC bought a new stake in Alphabet during the fourth quarter valued at about $1,753,000. Norway Savings Bank increased its position in Alphabet by 2.0% in the fourth quarter. Norway Savings Bank now owns 34,514 shares of the information services provider’s stock worth $6,534,000 after buying an additional 690 shares in the last quarter. Finally, Strathmore Capital Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $353,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.