Citi maintained its Buy rating on Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) but cut the stock's price target to $195 from $229 following the company's Google Cloud Next Conference 2025 on Wednesday.

Alphabet also outlined $75B in capital expeditures for 2025. Alphabet investors appeared "unhappy about its capital expenditures, something that China’s cut-price, AI assistant DeepSeek, has ...