Investing
Add as a preferred source on GoogleThe new target is $22.54 above the reported average of $427.46 among 30 analysts, whose ratings included 26 Buys and four Holds.
Citizens JMP analyst Andrew Boone’s revised $450 objective for Alphabet’s Class A stock followed a $65 reduction and sits above the reported average target for 30 analysts.
Boone lowered his target from $515 on Thursday, Oct. 22, a 12.6% decrease. The reported average was $427.46. The 30-analyst panel included 26 Buy ratings and four Hold ratings, with no Sell ratings.
The proposal follows a $2.1 billion Series B announced in May, led by Thrive Capital with Alphabet and GV participating.
Alphabet reported $51.4 billion in Q3 2026 capital expenditures, with the vast majority directed to technical infrastructure supporting AI investment.
Alphabet kept its 2026 capital spending forecast at $195 billion to $205 billion. Meta forecast $135 billion to $145 billion, including principal payments on finance leases.
