Alphabet (NASDAQ:GOOGL) Trading Down 1.4% - Should You Sell?

Market Beat
2026.06.08 21:33
portai
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Alphabet (GOOGL) shares fell 1.4% to $363.31, with trading volume down 13%. Despite concerns over AI spending and Mike Novogratz's market-top comments, positive sentiment persists from a $30B SpaceX cloud deal and Waymo's robotaxi progress. Analysts maintain a 'Moderate Buy' consensus with an average target of $413.13. The company recently reported strong Q1 earnings, beating estimates on EPS and revenue, and announced a dividend increase to $0.22 per share.