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Egerton Capital (UK) LLP, managed by John Armitage, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund increased its position by 1,078,768 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has been volatile short term, recently slipping low‑single digits over the week and month, but it remains up roughly 66%–73% over the past year, with shares near $323–$333. Despite near‑term pullbacks, Wall Street keeps a StrongBuy stance and sees meaningful upside, with average 12‑month targets around $366–$384 and top targets between $395 and $420.
Analysts highlight very strong recent results, including Search revenue growth accelerating to 17% and Google Cloud surging about 48%, alongside a massive $240B+ cloud backlog and 750M Gemini MAUs that underpin Alphabet’s AI story. The main concern is a huge 2026 capex plan of $175–$185B that may pressure free cash flow, but leading analysts argue Alphabet’s cash-rich balance sheet, TPU/AI leadership, and expanding ad and cloud monetization justify continued bullishness.
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