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Coatue Management, LLC, managed by Philippe Laffont, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 91,038 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged roughly 66%–73% over the past year, with recent trading mixed as the stock has slipped modestly in some weeks but generally gained over the past month, last seen near $323–$333. Despite short‑term volatility, Wall Street maintains a StrongBuy consensus, with average 12‑month targets around $366–$384 and bull cases up to $420, implying solid upside.
Analysts highlight very strong recent results, including Search revenue growth accelerating to about 17% and Google Cloud jumping roughly 48%, with cloud backlog swelling toward $240B+. The key debate is Alphabet’s aggressive AI‑driven capex plan of about $175–$185B in 2026, which could pressure free cash flow near term, but top analysts argue its AI leadership, Gemini’s 750M MAUs, custom TPUs, and large net cash position support a multi‑year growth runway in search, cloud, and broader AI monetization.
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