Alphabet (GOOGL) Stock Slips After Citizens Cuts Price Target Ahead of Earnings

TLDR Alphabet (GOOGL) traded at $328.09 in pre-market on October 22, down about 2% from the $334.76 close. Citizens JMP cut its price target to $450 from $515 but kept a Market Outperform (Buy) rating. Analyst Andrew Boone cited rising AI agent competition in Search and execution risk. Wall Street holds a Strong Buy consensus, with an average target near $427. Alphabet reports Q3 earnings on October 28, with EPS expected at $3.03. Alphabet (GOOGL) stock was trading at $328.09 in pre-market on October 22, down about 2% from the prior close of $334.76. The move came after Citizens JMP trimmed its price target. Alphabet Inc., GOOGL Analyst Andrew Boone lowered his target to $450 from $515, a cut of about 13%.

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