Citizens reduced its price target for Alphabet Inc. (GOOGL) to $450 from $515. It maintains a Market Outperform rating on the stock. Citizens cites perceived execution risks and growing competition in Alphabet's core search business for the adjustment.
A class-action lawsuit alleges securities fraud against Alphabet. The lawsuit claims Alphabet misrepresented the development progress of its Gemini 3.5 Pro AI model. This allegedly led to a 4.4% drop in the stock price on July 16, 2026. Investors must seek lead plaintiff status by December 1, 2026.
Alphabet prepares to report its third-quarter earnings on October 28. Truist Securities analysts expect mid-20% revenue growth.