Alphabet Shares Sink 8% on Thursday Amid Multiple Analyst Price Target Cuts

GOOGL-6.86%
According to Stocktwits, Alphabet (GOOGL) shares fell nearly 8% on Thursday following price target cuts from multiple brokerages the day after the company's strong second-quarter earnings. Most analysts cited pressure on margins and free cash flow from elevated AI spending as the reason for the adjustments, though most maintained bullish ratings. Despite the selloff, retail investors on Stocktwits showed strong appetite for the dip, with 52% of over 1,300 poll respondents saying they are buying, while overall sentiment remained extremely bullish.
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