Alphabet (GOOGL) stock is in a risky position on its daily price chart. Experts are worrying that Alphabet’s revenue could dip by 56%, tanking shares. GOOGL stock took a hit last week after Apple’s announcement of looking into its own AI search engine. Alphabet’s partnership with Apple is a very profitable one, and should the partnership be cut or revenue from it drop, it could cause Alphabet stock to fall further.

Apple and Google are currently weighing an estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s included browser. However, the announcement puts a damper on that plan. Investors, already nervous about AI’s disruption of search, wiped roughly $155 billion off Alphabet’s market cap in 24 hours. Now, there is worry that the stock could fall as well, perhaps below $150.

Additionally, in Q1 2025, 56% of Alphabet’s revenue came from the Google search engine. If Google search is replaced by AI, it could cause the popular search engine to lose out on billions in revenue, heavily impacting investors.

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Could Alphabet (GOOGL) Stock Reclaim $200?

Goldman Sachs‘ Alphabet stock analysis has been updated with a notably bullish stance, as the investment banking giant just recently raised its price target for Alphabet (GOOGL) to $220. At this moment, Alphabet stock price target revisions are definitely gaining quite a bit of attention from investors who are hoping to capitalize on the company’s growing strength in AI and cloud computing. With shares at a low price due to the recent Apple announcement, many investors may start flocking to buy the dip.

Another group of analysts is also bullish that the recent GOOGL dip is only temporary. According to analysts at Jeffries, the selloff may be overblown. In a note released late Wednesday, titled “Don’t Rush to Count Out Google Search,” analysts from the investment bank argued that Safari’s shrinking share is a limited threat. While Apple’s browser holds 17% of global market share, Google Chrome commands 66%, giving Alphabet a much larger footprint regardless of what Apple does. Additionally, daily active users of the Google app on iOS have climbed 15% year over year. The search engine, despite being under fire, remains a hot commodity.

GOOGL is trading in the middle of its 52-week range and below its 200-day simple moving average. Analysts at CNN are bullish on GOOGL stock to rebound. Out of 75 experts surveyed, 85% suggest buying Alphabet stock now, with none suggesting to sell and the remaining 15 calling to hold.