Alphabet Earnings Forecast Cut and New $420 Google Stock Target

KeyCorp lowered its third‑quarter 2026 earnings‑per‑share estimate for Alphabet Inc. to $2.99 from $3.02, while keeping an "Overweight" rating and a $445 price target. The analyst noted the company's recent quarterly earnings of $9.11 per share and revenue of $119.80 billion, both above consensus.

Truist Financial’s global head of internet and media equity research, Youssef Squali, maintained a buy rating on Alphabet’s Class C shares (GOOG) and projected a new price target of $420, suggesting the stock could retake the $400 level. GOOG opened at $332 and had risen 1.85% the previous day. The consensus among Wall Street analysts remains bullish, with most rating the stock as a buy despite some hold recommendations.