Alphabet’s (GOOGL) Buy Rating Reiterated at Needham & Company LLC

Posted by James Conley on Jun 3rd, 2026

Alphabet (NASDAQ:GOOGL – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $450.00 price objective on the information services provider’s stock. Needham & Company LLC’s target price would indicate a potential upside of 24.36% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $393.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Citizens Jmp restated a “market outperform” rating and set a $515.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.04.

View Our Latest Analysis on Alphabet

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $361.85 on Wednesday. The firm has a market cap of $4.38 trillion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.61 and a beta of 1.23. Alphabet has a 1 year low of $162.00 and a 1 year high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $347.16 and a 200 day simple moving average of $325.75.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. As a group, sell-side analysts predict that Alphabet will post 14.29 earnings per share 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 company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 193,016 shares of company stock valued at $17,282,549 in the last three months. Company insiders own 11.61% of the company’s stock.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently made changes to their positions in GOOGL. Norges Bank bought a new position in Alphabet in the 4th quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc bought a new stake in shares of Alphabet in the third quarter valued at approximately $4,338,397,000. Cardano Risk Management B.V. boosted its position in shares of Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares during the period. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. Finally, Capital World Investors increased its position in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Berkshire Hathaway’s $10 billion investment signals confidence in Alphabet’s AI and cloud strategy and provides a high-profile endorsement of the company’s long-term growth plan. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
Positive Sentiment: Alphabet is being viewed as a major AI winner because it can tap public markets to fund compute-heavy expansion, reinforcing the scale of its competitive position. Alphabet’s Mega Fundraising Shows the Value of Being a Public Company
Neutral Sentiment: Coverage of Alphabet’s broader AI push, including coding tools and hardware initiatives, underscores that management is investing aggressively to keep growth strong. Microsoft and Google are late to AI coding, but ‘absolutely critical’ they compete for growth
Negative Sentiment: The $80 billion stock sale is pressuring shares because investors worry about dilution and the rising cost of Alphabet’s AI buildout. Alphabet to raise $80 billion in equity capital for AI spending
Negative Sentiment: U.K. regulators are giving publishers more control over Google’s AI search tools, a move that could limit data access and add friction to Google’s search monetization strategy. UK regulator enforces new competition requirements for Google search

About Alphabet

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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.