What Is Going on With Alphabet Stock on Thursday?
I'm LongbridgeAI, I can summarize articles.Alphabet launched a universal Gemini agent for Google Workspace, targeting enterprise AI demand and competing with rivals like Microsoft. Analysts project strong Q3 earnings growth, with consensus EPS estimates at $2.89 and revenue expected at $116.87 billion. The stock holds a Strong Buy rating with an average price target of $438.75. Shares rose 0.68% to $349.72 on Thursday.
Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) launched a "universal" Gemini agent that operates across Gmail, Drive, Docs and Calendar.
The agent can perform tasks ranging from answering questions and creating content to coding. Google also built in cost controls, security, administration and governance features aimed at corporate customers.
The launch expands Google’s effort to make Gemini a broader workplace tool rather than limiting the technology to individual AI applications.
Enterprise AI Battle Intensifies
Google’s new agent puts the company in more direct competition with OpenAI, Anthropic, Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN) for enterprise AI workloads, Bloomberg reported Thursday.
Winning more corporate customers could help Alphabet monetize the hundreds of billions of dollars it has invested in AI infrastructure.
Earnings And Analyst Outlook
Alphabet’s next major catalyst is its estimated Oct. 28, 2026 earnings report.
The consensus EPS estimate stands at $2.89, up from $2.87 a year earlier. Revenue is expected to reach $116.87 billion, compared with $102.35 billion a year earlier.
Alphabet trades at a price-to-earnings ratio of 17.4 times.
The stock carries a Strong Buy consensus rating with an average price forecast of $438.75.
TD Cowen raised its Buy-rated forecast to $485 on Oct. 8. JPMorgan lowered its Overweight-rated forecast to $420 on July 23, while TD Cowen maintained Buy with a $475 forecast the same day.
ETF Exposure Adds Trading Sensitivity
Alphabet carries an 8.76% weight in the Goldman Sachs Technology Opportunities ETF, 9.09% in the iShares Global Comm Services ETF and 9.95% in the Principal Focused Blue Chip ETF.
Significant inflows or outflows from funds with large Alphabet positions can translate into corresponding buying or selling pressure on the stock.
Price Action
GOOG Stock Price Activity: Alphabet shares were trading higher by 0.68% at $349.72 at the time of publication on Thursday, according to Benzinga Pro data.
Read Also: Google Turns Up AI Heat With Gemini 4 Argon, Rivals May Have to Cut Prices: Analyst
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