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
MIG Capital, Llc, managed by Richard Merage, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 8,058 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C has pulled back 2–6% over the past week but remains up more than 72% in the last year, with shares recently around $323–$333. Wall Street maintains a Strong Buy view, with average 12‑month targets near $383–$384 and bullish calls as high as $420, implying solid upside despite near‑term volatility.
Recent earnings showed Search revenue growth accelerating to 17% and Google Cloud surging about 48%, driving a cloud backlog near $240 billion and reinforcing AI‑driven momentum. Analysts flag Alphabet’s massive planned 2026 capex of $175–$185 billion, which will pressure free cash flow, but see this AI and cloud investment cycle as coming from a position of strength supported by Gemini’s 750 million users and substantial net cash.
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: -0.92%
Average Trading Volume: 22,038,792
Current Market Cap: $3761.1B