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Mairs & Power Inc, managed by Bill Frels, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 64,619 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has climbed roughly 66%–73% over the past year, with near‑term moves mixed but modest, while analysts maintain a StrongBuy consensus and see notable upside from recent prices around $323–$333 toward average targets near $383–$384. Recent bullish calls, including targets as high as $420, cite accelerating 17% Search and 48% Cloud growth, a surging $240B+ backlog, and Gemini‑driven AI momentum despite concerns over 2026 capex of $175–$185B and pressure on free cash flow.
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: -3.14%
Average Trading Volume: 23,786,951
Current Market Cap: $3657.9B