Alphabet (NASDAQ:GOOGL) Given New $400.00 Price Target at Piper Sandler

Alphabet (NASDAQ:GOOGL) had its price objective upped by Piper Sandler from $395.00 to $400.00 in a report issued on Monday morning, Marketbeat.com reports. They currently have an overweight rating on the information services provider’s stock.

Other equities research analysts have also issued research reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $410.00 target price on shares of Alphabet in a research note on Thursday, September 3rd. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Citizens Jmp restated a “market outperform” rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. UBS Group decreased their price objective on Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $425.60.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $342.75 on Monday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $343.94 and its 200 day moving average price is $346.96. Alphabet has a 52 week low of $235.84 and a 52 week high of $408.61. The stock has a market cap of $4.19 trillion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.00 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating 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 net margin of 54.77% and a return on equity of 51.32%. As a group, research analysts forecast that Alphabet will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 441,316 shares of company stock valued at $8,648,795. Insiders own 11.61% of the company’s stock.

Institutional Trading of Alphabet

Institutional investors have recently made changes to their positions in the stock. Lifetime Wealth Management P.C. purchased a new position in Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new stake in Alphabet in the 4th quarter valued at $33,000. Core Capital Management & Research inc. purchased a new position in Alphabet in the second quarter valued at about $41,000. Premier Financial Group acquired a new position in shares of Alphabet during the second quarter worth about $45,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth about $52,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Piper Sandler raised its Alphabet price target from $395 to $400 and maintained an “overweight” rating, implying substantial upside. The analyst also projects Google’s external TPU business could generate $104 billion in hardware revenue by 2028, a forecast that may not yet be reflected in consensus estimates. Piper Sandler sees Google TPU sales hitting $104 billion by 2028
• Positive Sentiment: Alphabet’s AI infrastructure strategy is gaining commercial traction. Marvell has begun shipping custom AI chips for Google and expects related inference programs to expand through 2028, supporting the potential for long-term cloud and hardware growth. Marvell starts custom AI chip shipments
• Positive Sentiment: Google Cloud continues to be viewed as a key growth engine, with analysts highlighting its rapid expansion, AI-capex monetization and new enterprise security collaboration with Thales. Google is also testing Gemini-powered commerce transactions in India, broadening potential AI revenue sources. Thales expands collaboration with Google Cloud
• Neutral Sentiment: Google is replacing Gemini’s user-created “Gems” with a broader “skills” system. The change may improve Google’s agentic-AI product strategy, but it also signals that the company is still refining its consumer AI offerings. Google replaces Gemini Gems with skills
• Negative Sentiment: Google was fined €403 million by Ireland’s data-protection regulator over historical handling of users’ location data. The penalty reinforces concerns about continuing European regulatory exposure, although the fine is modest relative to Alphabet’s financial resources. Google’s €403 million privacy fine
• Negative Sentiment: Market concerns remain focused on Alphabet’s rising AI and data-center capital expenditures and reportedly suspended buybacks. Senate Democrats are also seeking information about AI-related tax subsidies, adding political and policy uncertainty. Senate questions AI tax subsidies

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.