18 Wall Street analysts slash Google stock price targets after Q3 miss

Wall Street analysts have cut their price targets for Alphabet (NASDAQ: GOOGL ) following disappointing third-quarter earnings that sent Google stock tumbling approximately 10% in extended trading on October 29, 2026, Alphabet reported earnings per share of $2.12, below the roughly $3.02 analysts expected, while slowing Search advertising growth and a $9.1 billion quarterly free cash flow deficit raised concerns about its aggressive artificial intelligence ( AI ) spending. 18 of 21 analyst updates involved price target cuts, according to analysis shared by Hardik Shah. Scotiabank made the largest percentage reduction, cutting its GOOGL stock price target by 16.67%, from $450 to $375. DA Davidson’s $300 target was below the graphic’s quoted share price of $324.89. Importantly, several firms maintained positive ratings, even after reducing their targets.

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