Claim 30% 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
Intermede Investment Partners Ltd, managed by Barry Dargan, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 27,493 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has rallied about 66%–73% over the past year, though it has seen modest pullbacks in recent weeks, with recent prices around $323–$333. Despite this volatility, Wall Street keeps a StrongBuy stance, with average 12‑month targets near $366–$384 and some as high as $400–$420, implying further upside.
Recent earnings showed Search revenue growth accelerating to 17% and Google Cloud up about 48%, with a surging backlog near $240 billion and Gemini reaching 750 million MAUs. Analysts highlight Alphabet’s AI leadership and custom chips but flag huge planned 2026 capex of $175–$185 billion, which is expected to pressure free cash flow even as it supports long‑term AI and cloud 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: 3.38%
Average Trading Volume: 24,009,129
Current Market Cap: $3906.9B