Google Stock Gets a Price Upgrade From Freedom Capital Markets

Alphabet’s Google stock (NASDAQ: GOOG) opened Friday’s trading session at $333. The search engine giant has had a rough start in July, down nearly 5.6% in a month. The price correction comes after Alphabet announced in its latest Q2 earnings call that it is raising its capital expenditure to build its AI infrastructure from $180 billion to $205 billion in 2026. GOOG crashed 7% the same day, despite delivering robust revenues in the earnings call, as the increase in capex got Wall Street worried.

Also Read: Google Stock: Latest Price Target From Phillip Capital

Google Stock New Price Target: Freedom Capital Markets Goes Bullish on GOOG

Leading investment banking firm Freedom Capital Markets upgraded its Google stock price prediction with a bigger target. Saken Ismailov, the Equity Research Analyst at the banking firm, gave GOOG a buy rating last week. The firm predicts that Google stock will reach a new price target of $400 next. That’s a profit of $67 per share if investors take an entry position in the equity today at $333.

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