Wall Street analyst just cut Google’s stock price target

Wells Fargo has lowered its price target for Alphabet (NASDAQ: GOOGL ) stock , citing mounting pressure on Google’s search advertising business from the expansion of AI Overviews. In a November 2 research note, Wells Fargo analyst Ken Gawrelski reduced the price target to $365 from $371, representing a 1.62% cut. However, the analyst maintained an ‘Overweight’ rating, indicating continued confidence in the technology giant despite near-term challenges. The revised target implies approximately 30% upside from Alphabet’s share price of $279 at press time. Why Wells Fargo cut Google stock price Wells Fargo attributed the slowdown in search revenue primarily to Google’s transition toward AI-powered search experiences rather than weaker user engagement, macroeconomic conditions, or click monetization issues.

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