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Saybrook Capital /Nc, managed by Luke M. Babcock& Scott R. Hirsch, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 3,785 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Inc. Class C (GOOG) shares have continued a strong uptrend in recent weeks, with various snapshots showing gains of roughly 4–9% over the past month and about 66–77% over the past year, leaving the stock trading in the low‑to‑mid $330s. Wall Street remains strongly bullish, with a consistent Strong Buy consensus and 12‑month average price targets clustered around $336–$366, modestly above current levels, while some high‑conviction analysts see even more upside. Notably, Raymond James’ Josh Beck upgraded GOOG to Buy on January 22, 2026 with a $400 target, citing accelerating AI‑driven growth from Google Cloud Platform and AI‑enhanced Search products that could justify a premium valuation. Separately, John Blackledge reiterated his Buy rating with a $355 target following a 2026 U.S. ad buyer survey, highlighting Google Search’s leading ROI and measurement tools, YouTube’s expected share gains in digital video, and Alphabet’s strong positioning in generative‑AI advertising—factors that underpin expectations for continued revenue and earnings growth despite only modest projected share erosion in global digital ad spend.
Spark’s Take on GOOG Stock
According to Spark, TipRanks’ AI Analyst, GOOG is a Outperform.
Alphabet’s strong financial performance and positive earnings call are the primary drivers of its high stock score. The company’s robust profitability, efficient operations, and strategic investments in AI and cloud services position it well for future growth. While technical indicators suggest potential short-term volatility, the long-term outlook remains positive. The high valuation reflects market confidence in Alphabet’s growth prospects.
To see Spark’s full report on GOOG stock, click here.
More about Alphabet Inc. Class C
YTD Price Performance: 7.92%
Average Trading Volume: 22,930,414
Current Market Cap: $4056.1B