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Gardner Russo & Gardner LLC, managed by Tom Russo, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 718,726 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has surged about 66%–73% over the past year, with recent weeks showing mild pullbacks or modest gains while the stock trades near $323–$333. Despite near‑term volatility, Wall Street maintains a StrongBuy view, with average 12‑month targets around $366–$384 and bull cases up to $420, implying solid upside from current levels.
Recent earnings highlighted 17% Search revenue growth and 48% Google Cloud growth, with cloud backlog swelling toward $240B and strong momentum in Gemini AI, now at roughly 750M MAUs. Analysts flag heavy planned 2026 capex of $175–$185B and pressure on free cash flow, but broadly argue that Alphabet’s AI, cloud, and search leadership, custom chips, and large net cash position justify the investment cycle and support multi‑year earnings growth.
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: -0.79%
Average Trading Volume: 24,410,518
Current Market Cap: $3763.7B