Why Alphabet Stock Fell Today

Source The Motley Fool

Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) stock ended Thursday's trading session in the red. The company's share price fell 1.4% in a day of trading that saw the S&P 500 (SNPINDEX: ^GSPC) rise 0.1% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fall 0.1%.

Alphabet stock swung from being up as much as 1% to down as much as 3% as investors reacted to differing catalysts. While a pair of new analyst price targets suggested there was still significant upside for the stock, shares moved lower following news that the company had received an unfavorable antitrust ruling.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Alphabet stock initially rose on new price targets

Before the market opened this morning, Morgan Stanley published new coverage that reiterated its overweight rating on Alphabet. While the firm lowered its one-year target on the stock from $210 per share to $185 per share, the new target still suggested roughly 20% upside compared to its price when the market opened today.

Truist also published new coverage on the stock today, maintaining a buy rating but lowering its one-year target from $220 per share to $200 per share. At market open, Truist's new target implied 30% potential upside.

The stock fell after a monopoly ruling on Alphabet

U.S. District Judge Leonie Brinkema ruled today that Alphabet was responsible for intentionally building and sustaining a monopoly in the digital ad-network space. Alphabet said that it would be appealing the ruling, and that its success in the digital ads market was the result of its tools being "simple, affordable, and effective."

Today's court filing raises the chances that Alphabet could spin off its Google advertising network, but the nature of the appeals process suggests that the move would likely take years to play out.

Should you invest $1,000 in Alphabet right now?

Before you buy stock in Alphabet, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $518,599!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $640,429!*

Now, it’s worth noting Stock Advisor’s total average return is 791% — a market-crushing outperformance compared to 152% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of April 14, 2025

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Truist Financial. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Euro zone inflation eases a touch in October but core steady​Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank's 2% target, confirming the bank's message that the economy remains on the relatively benign path it projected earlier.
Author  Reuters
12 hours ago
​Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank's 2% target, confirming the bank's message that the economy remains on the relatively benign path it projected earlier.
placeholder
EUR/GBP Price Forecast: Euro consolidaties gains around 0.8800The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.
Author  FXStreet
12 hours ago
The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.
placeholder
Amazon shares soar as AI boom fuels stellar growth in AWS cloud unitAmazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
Author  Reuters
13 hours ago
Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
placeholder
Forex Today: US Dollar clings to weekly gains as central bank dust settlesHere is what you need to know on Friday, October 31:
Author  FXStreet
14 hours ago
Here is what you need to know on Friday, October 31:
placeholder
GBP/USD treads water above 1.3150 as Fed rate cuts climbGBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday.
Author  FXStreet
16 hours ago
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday.
goTop
quote