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Appaloosa Management LP, managed by David Tepper, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 399,431 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has pulled back modestly in recent weeks but remains up roughly 66%–73% over the past year, with recent closes near $323–$333 and Street targets clustered around $383–$384, implying solid upside. Analysts maintain a StrongBuy consensus, citing 17% Search growth, 48% Google Cloud growth, massive AI‑driven capex plans, and Gemini’s fast‑rising user base as key long‑term catalysts despite near‑term free‑cash‑flow pressure.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
High score is driven primarily by strong financial performance (scaled profitability and earnings power) and supportive technical trend. This is tempered by premium valuation and earnings-call risks tied to a very large 2026 CapEx ramp and faster depreciation that may pressure near-term cash flow despite strong AI and Cloud momentum.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: -3.14%
Average Trading Volume: 23,786,951
Current Market Cap: $3657.9B