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Gilder Gagnon Howe & Co LLC., managed by Travis Knapp Anderson, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 9,793 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has gained roughly 66%–73% over the past year, with recent performance mixed as shares oscillate around $323–$333 and short‑term moves range from small gains to mid‑single‑digit pullbacks. Despite volatility, Wall Street maintains a StrongBuy view, with average 12‑month targets near $366–$384 and bulls like Josh Beck, Doug Anmuth, and Jeffrey Wlodarczak setting targets up to $420.
Recent earnings showed Search growth accelerating to 17% and Google Cloud surging about 48%, driving a backlog near $240 billion and reinforcing confidence in Alphabet’s AI and cloud strategy built around Gemini and custom TPU chips. Analysts flag massive planned 2026 capex of $175–$185 billion, which will pressure free cash flow, but argue Alphabet’s strong balance sheet, 750 million‑plus Gemini users, and AI‑driven ad, search, and cloud tailwinds support further multi‑year upside.
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: -3.50%
Average Trading Volume: 24,241,549
Current Market Cap: $3657.9B