GOOGL
Another analyst, another higher target
Alphabet’s getting the kind of Wall Street treatment most companies would happily frame and hang in the lobby. DBS Bank lifted its price target on GOOGL to $400 from $360 and stuck with a Buy rating, which says, in plain English: we still think Google has room to run.
Why you should care
This isn’t just random analyst confetti. Price-target hikes can help keep the optimism engine humming, especially when they come on top of a company that’s already been beating expectations. Alphabet recently posted quarterly EPS of $2.82 versus $2.57 expected, so the fundamentals are giving analysts some cover to stay upbeat.
The catch, because there’s always a catch
The bullish note lands in a pretty mixed background:
- The broader analyst crowd is still mostly positive, with a Moderate Buy consensus and an average target around $368.25
- But insiders have sold about 2.07 million shares worth roughly $104.5 million over the last three months
- Big institutions are still loaded up, so no one’s exactly running for the exits
So yeah, the Street is basically saying, “Nice one, Google, keep going.” But the insider sales are a reminder that even when a stock looks like a rocket ship, some folks near the engine room may be grabbing parachutes.
Big picture: Alphabet keeps collecting bullish analyst stamps, which can support the stock’s vibe — but the real test is whether earnings growth can keep outrunning the valuation and all that lingering noise.