Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Brandes Investment Partners LP, managed by Charles Brandes, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 66,547 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged about 66%–73% over the past year, though it’s seen modest pullbacks in recent weeks, with shares lately trading in the low‑to‑mid $330s. Despite near‑term volatility, Wall Street keeps a StrongBuy consensus and average 12‑month targets around $366–$384, with some bulls going as high as $400–$420, implying solid upside.
Analysts highlight a much stronger‑than‑expected quarter, with Search revenue growth accelerating to 17% and Google Cloud jumping 48%, plus a massive cloud backlog near $240 billion and Gemini reaching 750 million MAUs. The main debate is Alphabet’s huge planned 2026 capex of about $175–$185 billion, which will pressure free cash flow, but top analysts argue this AI and cloud build‑out, backed by robust balance‑sheet strength, should fuel long‑term earnings growth and justify premium valuations into 2027.
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: 3.38%
Average Trading Volume: 24,294,937
Current Market Cap: $3854.1B