The S&P 500 and Nasdaq slipped on Thursday as post-earnings sell-offs hit technology stocks including Alphabet, ServiceNow and Fortinet. The CNBC Investing Club cut its Alphabet rating from 1 to 2 and lowered its price target to $350 from $400, but is keeping the position because of momentum in the Cloud business. The club said it would reassess if the price-to-earnings multiple falls from about 19x to the 17x-18x range and AI Mode monetization improves.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: We’re downgrading Alphabet after its rough quarter. Here’s where we’d buy again
Keywords
GOOGLearningsvaluationcloud computing
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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