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Alphabet Dips on Capex Spree: Analysts Signal High-Confidence Buy Entry

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The Story

News Summary

  • Alphabet shares slipped 10% despite surging 82% Cloud growth and a $514 billion backlog, driven lower by elevated capex guidance and negative free cash flow.
  • Analysts view the pullback as an attractive buying opportunity, establishing a $433.88 price target supported by low valuation multiples and accelerating Gemini adoption.
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GOOGL price history

338.50 +6.53% over the displayed period

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