STOCKS | DA Davidson Cuts Google Price Target After Alphabet Raises 2026 Capex Plan

DA Davidson lowered Google’s price target to $350 from $375 after Alphabet increased its 2026 capital expenditure plan to $215 billion from $180 billion. According to NS3.AI, analyst Gil Luria maintained a hold rating on the stock. The revised capex outlook came as the firm adjusted its view on the shares following Alphabet’s higher spending plan for 2026. Luria kept the stock at hold despite the lower target.