Pivotal Research reiterated its Buy rating and $475 price target on Alphabet, 67% above Thursday's close, after third-quarter results sent the stock sharply lower. Google Cloud revenue rose 103% to $30.7 billion, but Search grew just 12% and free cash flow was negative $9.1 billion as capital spending reached $51.4 billion. Alphabet is funding the build by selling 36 million new shares for $12.4 billion and issuing $28.7 billion of notes, and it bought back no stock. The $475 target implies about 33x forward earnings, near the highest multiple in five years, and the author describes it as a best-case scenario. Alphabet's 2027 spending plan, due on its Q4 call, could change that view.
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GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/29/2026 | 283.75 |
| Change that session | -12.66% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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