Google Stock: Latest Price Target From Phillip Capital
Alphabet’s Google stock (NASDAQ: GOOG) opened Thursday’s trading session at $335. The search giant has briefly surged close to 5% in a week, but the overall monthly performance remains range-bound. This could also be seen as an entry position before the next leg-up.
On the heels of the ongoing price stagnation, wealth management firm Phillip Capital Securities has cut its price target for Google stock. The financial services company has reduced the previous target and now remains cautiously bullish on GOOG.
Also Read: US Stocks That Rose More Than 100% in a Year
Phillip Securities Cuts Google Stock Price Target
Serena Yi Qi Lim, the Equity Research Analyst at Phillip Capital Securities, sent a note to clients on Tuesday (July 28, 2026), reducing Google stock’s price target. The analyst lowered GOOG’s prospects as Alphabet announced it would increase its capital expenditure from $180 billion to $205 billion in 2026 to build its AI infrastructure.
The analyst cut Google stock’s price target from $450 to $425, a drop of $25. The downgrade indicates that Wall Street is taking increased capex seriously, as the return on investment is yet to materialize. The money being spent to build the AI infrastructure could create a bubble that can pose a risk to investors if not handled well.
… Continue reading the full article at the original source below.
