Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Cut from Wells Fargo & Company

Posted by George Bondi on Oct 30th, 2026

Alphabet (NASDAQ:GOOGL – Get Free Report) had its price objective cut by stock analysts at Wells Fargo & Company from $417.00 to $371.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the information services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 33.73% from the company’s previous close.

GOOGL has been the topic of several other research reports. Wedbush lowered their target price on shares of Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and set a $325.00 price target (down from $385.00) on shares of Alphabet in a report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $480.00 price target (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Susquehanna cut their target price on shares of Alphabet from $460.00 to $400.00 and set a “positive” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $411.90.

Get Our Latest Stock Analysis on Alphabet

Alphabet Stock Performance

Alphabet stock traded down $6.40 on Friday, hitting $277.42. The company’s stock had a trading volume of 43,026,894 shares, compared to its average volume of 31,029,494. Alphabet has a one year low of $270.70 and a one year high of $408.61. The firm has a market cap of $3.39 trillion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $340.29 and a 200-day moving average price of $340.43.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The company had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. On average, equities analysts anticipate that Alphabet will post 20.60 earnings per share for the current year.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 11.61% of the company’s stock.

Institutional Trading of Alphabet

A number of institutional investors have recently bought and sold shares of GOOGL. EMC Capital Management bought a new position in Alphabet during the second quarter worth about $35,000. Core Capital Management & Research inc. bought a new stake in shares of Alphabet in the 2nd quarter valued at about $41,000. Intelligent Financial Strategies acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $41,000. Premier Financial Group bought a new position in Alphabet during the 2nd quarter worth approximately $45,000. Finally, Graney & King LLC boosted its stake in Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider’s stock worth $64,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Google Cloud remains a major growth engine. Revenue more than doubled year over year to approximately $30.7 billion, while the unit’s backlog reached $561 billion. Analysts including Goldman Sachs, Guggenheim, Needham and Truist still view Alphabet as a long-term AI leader, although several reduced their price targets. Alphabet’s Cloud Business Just Doubled
Positive Sentiment: Underlying operating growth was still substantial. Total revenue rose 25% year over year, search query growth reached its strongest pace in five years, and supporters argue the selloff may overlook Alphabet’s cloud profitability, advertising reach and ability to monetize AI over time. Alphabet Shares Plunge. Why Now Is a Great Time to Buy the Dip
Neutral Sentiment: Analysts remain divided. Several firms lowered price targets but retained buy or outperform ratings, while others moved to neutral or hold. Options traders are reportedly viewing the elevated volatility and uncertain near-term outlook as suitable for range-bound strategies. How Mike Khouw Is Trading Alphabet
Negative Sentiment: The earnings miss undermined confidence. Alphabet reported $2.12 in quarterly EPS versus consensus near $3.00 and revenue of $127.6 billion, slightly below expectations. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, while YouTube advertising also fell short. Investors increasingly fear that AI-generated or AI-mode searches may be less profitable than traditional search. Alphabet Earnings Miss Reflects AI Pressure on Search
Negative Sentiment: AI spending is pressuring cash flow. Alphabet’s free cash flow was negative by roughly $9.1 billion, as capital expenditures and data-center investment outpaced operating cash generation. The market is demanding clearer evidence that massive AI infrastructure spending will produce attractive returns, particularly compared with Microsoft’s still-positive cash flow. Alphabet’s Free Cash Flow Sinks Further
Negative Sentiment: One-time items worsened the headline results. An unrealized loss on Alphabet’s SpaceX investment reduced quarterly EPS by approximately $0.55, while an EU antitrust fine added pressure. Multiple securities-fraud class-action notices following the selloff may further weigh on sentiment, although they do not immediately change the company’s operations. Is Alphabet Stock a Buy After Its Post-Earnings Drop?

Alphabet Company Profile

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Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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