Alphabet’s Google stock (NASDAQ: GOOG) opened Thursday’s trading session at $335. The search giant has briefly surged close to 5% in a week, but the overall monthly performance remains range-bound. This could also be seen as an entry position before the next leg-up.

On the heels of the ongoing price stagnation, wealth management firm Phillip Capital Securities has cut its price target for Google stock. The financial services company has reduced the previous target and now remains cautiously bullish on GOOG.

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Phillip Securities Cuts Google Stock Price Target

Serena Yi Qi Lim, the Equity Research Analyst at Phillip Capital Securities, sent a note to clients on Tuesday (July 28, 2026), reducing Google stock’s price target. The analyst lowered GOOG’s prospects as Alphabet announced it would increase its capital expenditure from $180 billion to $205 billion in 2026 to build its AI infrastructure.

The analyst cut Google stock’s price target from $450 to $425, a drop of $25. The downgrade indicates that Wall Street is taking increased capex seriously, as the return on investment is yet to materialize. The money being spent to build the AI infrastructure could create a bubble that can pose a risk to investors if not handled well.

Also, the Google stock price prediction is still bullish, as it would deliver a profit of $90 per share. Traders who take an entry position today at $335 stand a chance to see the equity make their portfolios swell. That’s an uptick and return on investment (ROI) of approximately 27% from its current price.

An investment of $1,000 could turn into $1,270 if the price prediction turns out to be accurate. That’s stellar gains, as not every asset in the market can generate double-digit gains. It has also risen close to 6.5% year-to-date, indicating that an upward trajectory is getting stronger.