Alphabet Inc. (NASDAQ:GOOGL) is included in our list of the 13 Best Extremely Profitable Stocks to Invest in Now.
On January 30, 2026, it was reported by Reuters that Alphabet Inc. (NASDAQ:GOOGL)’s Google managed to convince a federal judge in San Francisco to dismiss a $2.36 billion penalty. The case relates to the company’s past collection of app activity data from users who had turned off a tracking feature.
By refusing to impose restrictions on advertising practices or order the disgorgement of alleged profits, U.S. District Judge Richard Seeborg left in place a September jury verdict that awarded plaintiffs $425 million in damages, far less than the $31 billion originally sought. Google’s request to decertify the class of 174 million devices and 98 million users was also rejected by the judge. Meanwhile, Google intends to appeal the ruling, denying any misconduct.
At the same time, investor sentiment surrounding the company’s outlook remains constructive. After the company reported strong Q4 2025 results on February 4, several analysts, including those from KeyBanc, Goldman Sachs, and Piper Sandler, raised their price targets to factor in solid execution and robust cloud growth. KeyBanc analysts noted that Alphabet is “more of a revisions than multiple expansion story,” implying that more upside will come from better earnings rather than multiple expansion.
Ahead of the results release, Roth Capital had raised its price target on the stock to $365 from $310 on January 27, 2026, while maintaining its ‘Buy’ rating. Following the results, the target was further raised to $395. Tensor processing unit partnerships, new Waymo city launches, Gemini app growth, potential Gemini 4.0 updates, and significant international events such as the FIFA World Cup and Winter Olympics were among the near-term catalysts the firm had mentioned in its earlier report. These factors are expected to support advertising demand, positioning Alphabet Inc. (NASDAQ:GOOGL) well to modestly beat consensus expectations.
Alphabet Inc. (NASDAQ:GOOGL) and its subsidiaries offer internet search, advertising, cloud computing, AI, and self-driving car solutions to consumers and businesses worldwide, leveraging AI and data-driven platforms.
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