Wall Street cuts its price targets on Alphabet $GOOGL $GOOG following its Q3 earnings, citing weaker Search growth and rising AI spending: BofA: $430 → $380 (Buy) – Search and YouTube weakness offset by stronger Cloud growth and TPU sales. MoffettNathanson: $370 → $345 (Buy) – Disappointing Q3 results raise concerns about Alphabet’s growth outlook. TD Cowen: $485 → $460 (Buy) – Search and YouTube missed estimates, but Cloud revenue doubled amid surging AI demand. JPMorgan: $425 → $375 (Overweight) – Heavy AI spending pressures cash flow, but Search headwinds appear manageable. Piper Sandler: $400 → $345 (Overweight) – Slower Search growth and weaker AI monetization raise concerns. Barclays: $425 → $405 (Overweight) – Search faces tougher comparisons and modest AI Mode disruption, but challenges appear temporary. UBS: $380 → $332 (Neutral) – Search and YouTube misses, stagnant Cloud margins, and heavy TPU investments threaten profitability and cash flow.