- Alphabet’s Google stock opened Monday at $341 and remains range-bound with no major price fluctuations since May’s yearly high of $408.
- The company’s AI capex rose from $180 billion to $205 billion for 2026, sparking Wall Street concerns over overspending in the sector.
- Bernstein gave Google stock a hold rating with a $385 price target, down from a prior $390, implying an 11% potential upside.
- Analyst Mark Shmulik, a five-star-rated strategist with a 69.4% success rate, issued the rating, further dampening near-term price projections.
Alphabet’s Google stock (NASDAQ: GOOG) opened Monday’s trading session at $341, remaining range-bound this month with little to no major price fluctuations. Investments have stayed stagnant since May after reaching a yearly high of $408, while the recent earnings call revealed Alphabet’s AI capex rising from $180 billion to $205 billion for 2026.
Consequently, Wall Street has pushed back against overspending in the AI sector, adding to the company’s woes. Leading asset management firm Bernstein has given Google stock a hold rating, signaling that the equity may stay range-bound for some time.
Senior analyst Mark Shmulik set a price target of $385, cutting his previous target by $5, which still represents an approximate 11% return on investment from the current price. Shmulik is a five-star-rated analyst with a 69.4% success rate, and traders have earned average returns of 19% from his estimations.
Meanwhile, the stock’s three-month stagnation has pushed traders toward other tech names like Micron, SanDisk, and SK Hynix. If Google stock continues its slow pace, other equities could overtake its top-10 market position.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
