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Davis Selected Advisers, managed by Chris Davis, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 64,912 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) shares have continued their strong run in recent weeks, with recent reports citing gains of roughly 0.2%–5.8% over the past week, about 4.8%–8.8% over the past month, and approximately 66%–77% over the last year. Wall Street remains firmly bullish, assigning a Strong Buy consensus and 12‑month average price targets in the mid‑$330s to mid‑$360s, modestly above recent closing prices around $331–$336, implying further upside. Analysts highlight Alphabet’s AI strategy and Google Cloud Platform’s AI‑oriented infrastructure, along with AI‑enhanced Search and Gemini‑based offerings, as key long‑term growth drivers. Recent notes from Raymond James and others argue that Alphabet offers one of the most attractive AI acceleration stories and justify premium valuations, with price targets up to $400. Survey work on U.S. ad buyers suggests Google Search remains the leading digital ad platform with top perceived ROI and measurement tools, while YouTube’s share of digital video ad spend is expected to edge higher and Alphabet is viewed as best positioned for generative AI advertising, reinforcing confidence in its dominant ad and AI franchises.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
Alphabet’s strong financial performance and positive earnings call are the primary drivers of its high stock score. The company’s robust profitability, efficient operations, and strategic investments in AI and cloud services position it well for future growth. While technical indicators suggest potential short-term volatility, the long-term outlook remains positive. The high valuation reflects market confidence in Alphabet’s growth prospects.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: 9.91%
Average Trading Volume: 22,846,658
Current Market Cap: $4081.5B