# Alphabet Shares Fall 4.35% From Oct. 21 Through Oct. 23, Closing at $320.21 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/40460 Published: 2026-10-25T09:55:35.000Z Updated: 2026-10-25T09:55:35.000Z Section: Investing > Citizens JMP analyst Andrew Boone lowered his price target to $450 from $515 on Oct. 22 while keeping a Market Outperform rating. Alphabet’s Nasdaq-listed Class A shares fell 4.35% over two sessions through Friday, closing at $320.21 ahead of its Oct. 28 third-quarter report, which will update investors on Search and Google Cloud performance. GOOGL closed at $334.76 on Oct. 21, $324.22 on Oct. 22 and $320.21 on Oct. 23. The closing prices mark a $14.55 decline across the two sessions. On Oct. 22, Citizens JMP analyst Andrew Boone lowered his price target for Alphabet shares to $450 from $515, a reduction of about 12.6%. He maintained a Market Outperform rating and cited rising competition from AI agents in Search and execution risk. Boone’s [target change]() came during the share decline, but the price data do not establish that it caused the move. For the quarter ended June 30, 2026, Google Search & other revenue rose 17% year over year to $63.271 billion. Google Cloud revenue increased 82% to $24.768 billion. Cloud’s reported revenue growth rate exceeded Search’s for the quarter. Alphabet reported $44.924 billion in purchases of property and equipment for the quarter, compared with $22.446 billion a year earlier. Google and Alphabet CEO Sundar Pichai said, “Our popular AI features are driving Search query growth.” Alphabet plans to release third-quarter results on Oct. 28, ahead of a conference call scheduled for 4:30 p.m. ET. ## Links in this article - [target change](https://www.tokenpost.com/news/investing/38457)