Alphabet (NASDAQ:GOOGL) Stock Keeps “Buy” Rating at Needham & Company LLC

Alphabet (NASDAQ:GOOGL)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports. They currently have a $450.00 price target on the information services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 27.96% from the stock’s current price.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. BMO Capital Markets set a $465.00 price target on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday, September 16th. Finally, DA Davidson set a $350.00 price objective on Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $425.72.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $351.66 on Thursday. 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 business’s 50 day moving average is $345.90 and its two-hundred day moving average is $349.52. The company has a market cap of $4.30 trillion, a P/E ratio of 17.66, a P/E/G ratio of 1.02 and a beta of 1.21. Alphabet has a 12 month low of $235.84 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, equities analysts expect that Alphabet will post 20.54 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alphabet

Several large investors have recently modified their holdings of the business. EMC Capital Management acquired a new stake in Alphabet in the 4th quarter valued at approximately $33,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at approximately $32,000. Core Capital Management & Research inc. acquired a new stake in Alphabet in the 2nd quarter valued at approximately $41,000. Premier Financial Group acquired a new stake in Alphabet in the 2nd quarter valued at approximately $45,000. Finally, Bard Associates Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $52,000. 40.03% of the stock is currently owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cantor Fitzgerald maintained its bullish “overweight” recommendation and $420 target, reinforcing the view that Alphabet’s valuation and growth prospects remain attractive. Cantor Fitzgerald Reaffirms Overweight Rating for Alphabet
• Positive Sentiment: Google Cloud’s second-quarter revenue reached a record $24.8 billion, while operating income more than tripled year over year. A reported $514 billion backlog—about half expected to convert to revenue within 24 months—supports expectations for sustained cloud growth and improved returns on AI investment. Alphabet’s Google Cloud Is Surging at 82%
• Positive Sentiment: Alphabet’s planned investment in Nordic data centers highlights its effort to secure lower-cost, reliable power for AI infrastructure. The expansion could improve capacity and support long-term competitiveness in the AI race. Google’s $13 Billion Nordic Bet
• Positive Sentiment: Waymo’s autonomous-ride volume reportedly exceeded 500,000 rides per week and is targeting one million, providing Alphabet with a potentially valuable long-term growth asset. Alphabet Is the Robotaxi Stock to Buy

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.