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GOOGL Stock Sinks 8% A Day After Strong Q2 Earnings — But Wall Street Isn’t Backing Away Despite Price Target Cuts
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Alphabet (GOOGL) stock fell 8% after Q2 earnings, despite beating expectations.
Wall Street analysts maintained Buy, Overweight, and Outperform ratings.
Price targets were lowered due to higher AI spending and margin concerns.
Analysts cite long-term growth from AI investments as reason for maintaining ratings.
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Rajeev Chandrasekhar / Jupiter Capital interests historically