Bullbit
Stock Market
Is Alphabet Stock Still a Buy?
- What: Alphabet's stock price has dropped **12%** in the past week due to the ongoing war in Iran.
- Why: Investors are selling off tech stocks, including Alphabet, as a result of the global market volatility caused by the war.
- Signal: The company's earnings report for Q1 2026 showed a **7%** increase in revenue, indicating its resilience in the face of market uncertainty.
- Target: Analysts are revising their price targets for Alphabet stock, with some setting a new target of **$2,350** per share, a **5%** increase from its current price.
- Risk: However, the ongoing war in Iran poses a significant risk to Alphabet's global supply chain and could impact its future earnings.