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Google price target cut 12.6% due to AI competition but remains a strong buy on Wall Street

Analyst Insights
22 Oct 2026
Finbold
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Neutral
Google price target cut 12.6% due to AI competition but remains a strong buy on Wall Street

Citizens JMP analyst Andrew Boone lowered his 12-month price target for Alphabet from $515 to $450, citing rising competition from AI search agents and execution risks. Despite this 12.6% cut, Boone still rates Alphabet as a 'Market Outperform' due to its leadership in search, AI, YouTube, and investments like Waymo. Wall Street overall remains optimistic, with 26 analysts recommending 'Buy' and an average price target of $427.46, expecting a 27.7% rally. Alphabet's stock has faced volatility in 2026, dropping about 17% from its mid-May highs and recently falling further in October.

Alphabet's stock is currently trading at USD 328.24 on Pluang, down 1.95% over the last day. As of Oct 22, 2026 19:21 WIB, the stock shows a market cap of $4.07 trillion and a 76% buy order activity on the platform.

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