Five Wall Street Firms Lower Google Price Targets Post-Crash
Five major Wall Street firms lower their Google price targets after Alphabet Inc. shares drop nearly 13% in a severe market downturn driven by AI bubble concerns and a massive $9 billion cash burn.
Alphabet Inc.’s Google stock (NASDAQ: GOOG) experienced a sharp downturn on Thursday, dropping 40 points and losing nearly 13% amid heavy selling pressure. GOOG slid to $282, bringing it close to its March 2026 lows of $273—a level first reached when the conflict between the US and Israel started in March of this year. Following this significant market drop, five prominent Wall Street firms have revised their price targets for Google stock downward.
Major financial institutions on Wall Street are adopting a more cautious and bearish stance regarding Google shares. Concerns regarding an artificial intelligence bubble have intensified following the company’s $9 billion cash burn, with numerous analysts describing the sell-off as “Alphabet’s worst day ever.” Further compounding the pressure, Bank of America reaffirmed its valuation of Google search at a multiple lower than that of fossil fuel companies. Thursday’s market correction eliminated almost $500 billion in market capitalization, directing widespread market attention toward GOOG.
Google Stock: Wall Street Firms Lower Price Target
The five Wall Street institutions that reduced their price targets for Google stock are JP Morgan, DA Davidson, Truist Financial, Wedbush, and Susquehanna. The specific adjustments made by each firm are detailed below.
JP Morgan: Reduced the Google stock price target by $50. Analyst Doug Anmuth adjusted his previous target of $425 down to $375 following the market drop.
DA Davidson: Five-star-rated analyst Gil Luria also lowered Google’s stock price target by $50, moving his previous target of $350 down to $300.
Wedbush: Analyst Ygal Arounian decreased GOOG’s target by $58, cutting it from $445 to $387.
Truist Financial: Strategist Youssef Squali implemented the smallest reduction, lowering the GOOG target by $10 from a previous $420 down to $410.
Susquehanna: Analyst Shyam Patil made the largest reduction, cutting the GOOG target by $60 from a previous $460 down to $400.
Frequently Asked Questions
01Why did Google stock crash?
Google stock crashed following heavy selling amid heightened concerns over an AI bubble and a $9 billion cash burn by the company, which wiped out nearly $500 billion in market value.
02Which Wall Street firms lowered their Google stock price targets?
The five firms that reduced their price targets are JP Morgan, DA Davidson, Wedbush, Truist Financial, and Susquehanna.
03What was the largest price target reduction among the firms?
Susquehanna analyst Shyam Patil implemented the largest reduction, cutting the target by $60 from $460 down to $400.
