Citizens JMP cuts Alphabet target to USD 450 as Alphabet stock stands at EUR 290.95
Published on 10/23/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets results and valuation
- Citizens JMP cut its Alphabet target from USD 515.00 to USD 450.00 on October 22, 2026.
- Alphabet reported USD 119.80 billion in second-quarter 2026 revenue, up 24.00 percent year over year.
- Alphabet stock traded at EUR 290.95 at 10:32 a.m. CEST at Lang & Schwarz on October 23, 2026.
Alphabet stock (ISIN US02079K3059) was trading at EUR 290.95 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST. The immediate company catalyst is a target reduction by Citizens JMP, which cut its Alphabet price target from USD 515.00 to USD 450.00 on October 22, 2026, while keeping a market outperform rating, according to MarketBeat.
Why the target cut matters
Citizens JMP's revised target remains above the latest US market quotation cited by MarketBeat, but the change lowers the valuation bar before Alphabet's next results. The report said Alphabet shares fell 3.10 percent to USD 324.22 on October 22, 2026, as the target change reached investors. The German euro quotation is a separate market reference for investors following the stock through Lang & Schwarz.
Alphabet's second-quarter results provide the operating backdrop. Revenue reached USD 119.80 billion in the second quarter of 2026, compared with a consensus estimate of USD 117.07 billion, while reported earnings per share came to USD 9.11 against a consensus estimate of USD 2.89, according to MarketBeat. Revenue was therefore USD 2.73 billion above consensus, a quantified comparison that keeps cloud growth and artificial-intelligence spending central to the valuation debate.
Three dated steps toward results
Alphabet's investor-relations calendar records a USD 84.75 billion equity capital raise announcement on June 3, 2026, second-quarter results with USD 119.80 billion revenue on July 22, 2026, and the October 6, 2026 announcement of the third-quarter results date, as shown on Alphabet Investor Relations.
What date comes next?
Alphabet's next substantiated reporting date is October 28, 2026, when the company is scheduled to release third-quarter results and hold its financial-results conference call, according to Alphabet Investor Relations. That release should provide the next hard evidence on advertising, cloud profitability and infrastructure investment.
Alphabet valuation stays event-driven
For investors, the contrast is clear: second-quarter revenue of USD 119.80 billion exceeded the cited consensus by USD 2.73 billion, while Citizens JMP reduced its target by USD 65.00. Alphabet remains listed on Nasdaq under GOOGL, and its business spans Google Services, Google Cloud and Other Bets.
Alphabet was trading at EUR 290.95 at Lang & Schwarz on October 23, 2026 at 10:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Alphabet stock.
Alphabet A market facts
- Company: Alphabet Inc.
- ISIN: US02079K3059
- Ticker: GOOGL
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 23, 2026, 10:32 a.m. CEST): EUR 290.95
- Sector / Industry: Communication Services / Internet Content and Information
- Index membership: S&P 500 and Nasdaq 100
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
