Alphabet Stock Breaks Down Ahead of Q3 Earnings: Could GOOGL Fall 30%?
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Alphabet (GOOGL) stock trades below its 200-day moving average by the widest margin in 17 months, Barchart data show. AI spending fears pushed shares near $317 ahead of Wednesday’s third-quarter (Q3) earnings. Wall Street sees a different picture. Twelve of 13 analysts tracked by Visible Alpha rate GOOGL a buy. Their average $433 target sits 35% above Friday’s close. Why a Beat May Not Be Enough for Alphabet Stock Analysts expect Q3 revenue near $127.9 billion, roughly 25% higher year-over-year. Google Cloud sales are forecast to nearly double to $29.15 billion. July offers a warning. Shares fell 7.1% after Q2 results, when adjusted earnings per share (EPS) missed by $0.04. Alphabet also lifted 2026 capital expenditure (capex) guidance to $195 billion to $205 billion.
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