Alphabet Stock Down 11.2% in June Amid Big Tech Capital Spending Concerns

According to Stocktwits, Alphabet (GOOGL) stock declined 11.2% in June and is heading for its worst monthly performance since February 2025. Concerns over high capital expenditure by Alphabet and its Big Tech peers, along with investor money flowing into semiconductors, have pressured the stock.

Analysts remain bullish, with 57 of 64 rating the stock 'Buy' or higher and setting an average price target of $337.37, implying 28% upside from Friday's close. However, other tech stocks such as Amazon and Microsoft are seen as offering more upside potential, while Alphabet's forward price-to-earnings ratio of 26.9 has deterred some retail traders.