From Nasdaq: 2025-04-17 18:03:00

Alphabet stock (NASDAQ: GOOGL, GOOG) fell 1.4% on Thursday while the S&P 500 rose 0.1% and Nasdaq Composite fell 0.1%. New analyst price targets indicated potential upside but a negative antitrust ruling caused shares to drop.

Morgan Stanley and Truist published new coverage on Alphabet, with differing price targets showing potential upside. Despite a favorable initial response, the stock later fell due to an unfavorable antitrust ruling against the company.

U.S. District Judge Leonie Brinkema ruled that Alphabet created a monopoly in the digital ad-network space intentionally. Alphabet plans to appeal the ruling, which could lead to a potential spinoff of the Google advertising network in the future.

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Read more at Nasdaq: Why Alphabet Stock Fell Today