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
First Eagle Investment Management LLC, managed by Jean Marie Eveillard, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 157,771 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) shares have continued their strong run, rising roughly 66%–77% over the past year and between about 5% and 9% over the last month, with recent weekly moves ranging from a small dip (~1.6%) to gains of more than 5%, and current prices in the low‑to‑mid $330s. Across the articles, Wall Street maintains a Strong Buy consensus, with average 12‑month targets generally in the mid‑$330s to mid‑$360s (around $336–$366) and several high‑conviction targets well above that, including $395–$420 and a bullish $400 target from Raymond James’ Josh Beck. Analysts cite much stronger‑than‑expected recent quarters, featuring 17% year‑over‑year acceleration in Search revenue and 48% growth in Google Cloud, as well as rapid traction for Gemini (including hundreds of millions of users), AI‑enhanced search and ad products, and a powerful AI/cloud infrastructure stack using TPUs, GPUs, and custom chips. They highlight Alphabet’s aggressive AI‑driven capex plans (with 2026 spending projected around $175–$185 billion) as a near‑term drag on free cash flow but a key driver of long‑term AI and cloud leadership, while survey‑based work underscores Google Search’s still‑leading ROI and measurement for advertisers, YouTube’s steady share gains in digital video, and Alphabet’s perceived pole position in generative‑AI advertising. Overall, the news flow frames GOOG as an AI and cloud winner with durable digital ad dominance, justifying expectations for continued stock upside despite its already large gains.
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: 6.23%
Average Trading Volume: 23,235,044
Current Market Cap: $4020.4B