Crypto channel news: Alphabet, the parent company of Google, saw its stock (Nasdaq: GOOG) drop below $350 on Tuesday, drawing bearish sentiment. After its earnings report was released, the stock had reached an annual high of $408, but then quickly fell. Although the stock rose briefly from $334 to $364 this month, it is now facing a pullback in value, and investors are taking a cautious stance toward entering this AI giant. Against a backdrop of continued downward pressure and price stagnation, global investment banks Citigroup and UBS provided new price forecasts for Google stock. Citigroup’s stock analyst Ronald Josey was the most optimistic about Google, reiterated a Buy rating for the stock, and set a target price of $447; if it reaches that level, investors could earn about $97 per share, implying a return on investment of about 28%. UBS analyst Stephen Ju lowered the target price from $410 to $400; despite cutting $10, he remained optimistic that the stock can still reach $400. Both analysts predicted that Google stock will see double-digit gains.

GOOG1.90%

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Coconut-FlavoredGasFee

· 9h ago

334-364-350, the volatility is relatively mild in the crypto market this time; for the US stock market, it would be quite stimulating.

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QuietValidator

· 10h ago

Falling from 408 to 350 is a fairly large pullback, but if the fundamentals haven’t changed, it’s actually an opportunity.

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EchoesOfRollup

· 10h ago

Double-digit upside expectations vs the actual price action—this gap is enough to fuel the hype for a while.

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GateUser-a9315d81

· 10h ago

447 target price? First stand firm at 380—then we’ll talk. The analyst’s got a mouthful of nonsense.

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SlippageSiren

· 10h ago

Citigroup and UBS are both calling for upside, yet the market is dumping—this disagreement is interesting.

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AutumnSlopeCabin

· 10h ago

Ronald Josey’s name feels familiar—how many times has he successfully predicted major tech?

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