Alphabet (NASDAQ:GOOG) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Posted by Francis Steltz on Nov 1st, 2026

Alphabet (NASDAQ:GOOG – Free Report) had its price target reduced by JPMorgan Chase & Co. from $425.00 to $375.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the information services provider’s stock.

Other research analysts have also recently issued reports about the company. Citic Securities lifted their price target on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. Wells Fargo & Company set a $417.00 price objective on shares of Alphabet and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Tigress Financial boosted their price objective on shares of Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a research report on Friday, September 18th. New Street Research reduced their price objective on Alphabet from $455.00 to $405.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $485.00 price objective on Alphabet in a research report on Thursday, October 8th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $413.54.

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Alphabet Trading Down 1.5%

GOOG stock opened at $278.22 on Thursday. The business has a fifty day moving average price of $335.73 and a 200 day moving average price of $338.25. Alphabet has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Alphabet’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.87 EPS. Analysts expect that Alphabet will post 19.99 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 247 shares of company stock worth $79,238 over the last ninety days. Insiders own 12.99% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new position in Alphabet during the second quarter valued at approximately $45,352,000. Arrowstreet Capital Limited Partnership raised its holdings in Alphabet by 76.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after purchasing an additional 6,300,900 shares during the period. State Street Corp raised its holdings in Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the period. BlackRock Inc. raised its holdings in Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. Finally, Amundi boosted its position in shares of Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after purchasing an additional 4,083,758 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

About Alphabet

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Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.