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Pershing Square Capital Management LP, managed by Bill Ackman, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 160,160 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C has pulled back modestly over the past week and month after a powerful 12‑month rally of roughly 66%–73%, with recent closes around $323–$333. Despite near‑term volatility, Wall Street maintains a StrongBuy rating and average 12‑month targets near $366–$384, with some bullish calls as high as $420–$400.
Analysts highlight accelerating Search growth at 17% and Google Cloud revenue surging about 48%, plus a massive cloud backlog near $240 billion and 750 million Gemini MAUs as key drivers. The main concern is Alphabet’s huge planned 2026 capex of $175–$185 billion, which is set to pressure free cash flow, but top analysts argue these AI and cloud investments should support strong long‑term earnings and multiple expansion.
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