Alphabet (GOOGL) News Today

Key factors driving Alphabet Inc. (NASDAQ:GOOGL) stock movement today:

• Positive Sentiment: DoD awards $800 million in AI contracts to Google Cloud, enhancing its strategic role in national security and boosting revenue prospects. DoD Awards $800M in AI Contracts
• Positive Sentiment: OpenAI selects Google Cloud to host ChatGPT services, validating GCP’s competitiveness in AI infrastructure. OpenAI says it will use Google's cloud for ChatGPT
• Positive Sentiment: Jefferies analysts highlight strong YouTube growth and steady Cloud momentum, calling the Q2 setup “favorable” ahead of earnings. Alphabet's Cloud momentum, YouTube growth create favorable setup for Q2 report
• Positive Sentiment: Jim Cramer expresses bullish outlook, saying he thinks Alphabet stock is headed higher. Jim Cramer Thinks Alphabet Stock is Going “Up”
• Positive Sentiment: Needham & Company raises its price target to $210.00 with a “buy” rating, signaling confidence in future upside. Needham & Company LLC Increases Alphabet Price Target
• Positive Sentiment: Google announces an August 20 event to unveil new Pixel hardware with AI enhancements, underscoring product innovation. Google to unveil new Pixel hardware on August 20 with AI in focus
• Neutral Sentiment: UBS Group lifts its price objective to $192.00 but maintains a “neutral” rating on GOOGL shares. UBS Group Issues Positive Forecast
• Neutral Sentiment: Cantor Fitzgerald increases its target to $196.00 while keeping a “neutral” stance, pointing to modest upside. Alphabet Stock Price Expected to Rise, Cantor Fitzgerald Says
• Neutral Sentiment: Zacks highlights three growth pillars underpinning Alphabet’s long-term potential in a “solid choice” analysis. 3 Reasons Why Alphabet is a Solid Choice
• Neutral Sentiment: Zacks also expects Alphabet’s upcoming earnings to beat consensus, citing favorable revenue and margin drivers. Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Negative Sentiment: Director John L. Hennessy sold 400 shares (~$72,800), trimming his holding by 6.24%. Director Sells $72,792 in Stock
• Negative Sentiment: Penn Davis Mcfarland Inc. reduces its class C (GOOG) position, indicating some institutional profit-taking. Penn Davis Mcfarland Inc Reduces Alphabet Holdings
• Negative Sentiment: An under-the-radar analysis warns investors are wary of generative AI’s impact on Alphabet’s core ad business amid shifting market sentiment. 1 Under-the-Radar Factor That Could Cause Alphabet's Stock to Soar