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Causeway Capital Management LLC, managed by Sarah Ketterer, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 262,157 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has seen short‑term volatility, recently dipping modestly over the past week while remaining up strongly—roughly two‑thirds to three‑quarters—over the last year, with shares trading around $323–$333. Wall Street maintains a StrongBuy consensus, with average 12‑month targets near $366–$384 and bullish outliers up to $420, implying solid upside from current levels.
Recent earnings showed Search revenue growth accelerating to about 17% and Google Cloud surging roughly 48%, with cloud backlog swelling toward $240B+, reinforcing confidence in Alphabet’s AI and cloud momentum. Analysts highlight Gemini’s 750M MAUs, custom TPUs, and an aggressive 2026 capex plan of $175–$185B that will pressure free cash flow but is viewed as a strategic AI investment supporting multi‑year earnings growth and valuation upside.
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: -1.41%
Average Trading Volume: 24,574,909
Current Market Cap: $3740B