KeyCorp cuts target for Alphabet stock from USD 435.00 to USD 410.00
Published on 10/20/2026 at 10:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets and earnings dates
- KeyCorp cut its Alphabet target from USD 435.00 to USD 410.00 on October 19, 2026.
- Alphabet reported USD 119.80 billion in second-quarter revenue, up 24.20 percent year over year.
- Alphabet stock trades at EUR 306.35 at 10:49 a.m. CEST at Lang & Schwarz on October 20, 2026.
Alphabet (US02079K3059) stock is trading at EUR 306.35 at Lang & Schwarz on October 20, 2026, after KeyCorp cut its target from USD 435.00 to USD 410.00 on October 19, 2026. The target change arrives before Alphabet's third-quarter results, scheduled for October 28, 2026.
The target reset sets the tone
According to Transcript Daily on October 19, 2026, KeyCorp retained an Overweight rating while reducing its target by USD 25.00, or 5.75 percent. The same report placed the analyst target at a 20.38 percent potential upside against its cited share price, a comparison that uses USD rather than the German euro quotation.
Invezz reported on October 19, 2026 that JPMorgan had raised its target from USD 420.00 to USD 425.00 on October 15, 2026. The opposing target moves show that Alphabet's artificial-intelligence investment case is being judged against demanding expectations.
Cloud growth meets heavy spending
Alphabet reported USD 119.80 billion in revenue for the second quarter of 2026, up 24.20 percent from the year-earlier quarter, while operating income reached USD 40.77 billion, up 30.40 percent, according to ChickenStock. Net income was USD 112.19 billion, up 297.90 percent, and diluted earnings per share stood at USD 9.11.
Cloud revenue reached USD 24.80 billion in the second quarter, an 82.00 percent year-over-year increase, while the operating margin was 34.00 percent versus 32.00 percent a year earlier. Capital spending of USD 44.92 billion exceeded operating cash flow of USD 39.07 billion, leaving infrastructure investment as the key test for the next report.
Three dates frame the stock
On June 3, 2026, Alphabet listed an equity capital raise of USD 84.75 billion to expand artificial-intelligence infrastructure and computing capacity. On July 22, 2026, the company announced second-quarter revenue of USD 119.80 billion. On October 19, 2026, KeyCorp cut its target to USD 410.00 from USD 435.00, as reported by Transcript Daily.
What comes next for results?
Alphabet's next substantiated reporting date is October 28, 2026, when it is scheduled to release third-quarter results and hold its results conference call, according to Alphabet. The report will give investors a fresh comparison against the second-quarter revenue growth of 24.20 percent and the Cloud growth rate of 82.00 percent.
Stock quote in euros
At Lang & Schwarz, Alphabet stock was trading at EUR 306.35 on October 20, 2026 at 10:49 a.m. CEST. The quote is an intraday euro reference for investors in Germany.
The further course of trading is shown by the continuously updated real-time quote of Alphabet stock.
Alphabet A stock facts
- Company: Alphabet Inc.
- ISIN: US02079K3059
- WKN: A14Y6F
- Ticker: GOOGL
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 20, 2026, 10:49 a.m. CEST): EUR 306.35
- Market capitalization: USD 4.2 trillion (as of October 19, 2026)
- 52-week range: USD 244.67-404.47 (as of October 19, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Index membership: Nasdaq 100
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
