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Suncoast Equity Management, managed by Donald R. Jowdy, recently executed a significant transaction involving Alphabet Inc. Class C ((GOOG)). The hedge fund reduced its position by 52,846 shares.
Recent Updates on Alphabet Inc. Class C stock
Alphabet Class C (GOOG) has pulled back modestly in recent days but remains up roughly 66%–73% over the past year, with shares recently trading around $323–$333. Despite short‑term volatility, Wall Street keeps a StrongBuy view, and average 12‑month targets near $366–$384 imply notable upside.
Analysts highlight a much stronger‑than‑expected quarter, with Search revenue growth accelerating to 17% and Google Cloud jumping 48%, driving a revenue backlog near $240B. Several top analysts raised or reiterated bullish targets between $360 and $420, while flagging Alphabet’s massive planned 2026 capex of $175–$185B, which will pressure free cash flow but is seen as funding Gemini‑led AI, cloud, and long‑term 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: 24,173,335
Current Market Cap: $3923.7B