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Today's Exclusive News Alphabet Has Fallen 16% From Its Highs: Panic or Opportunity?Reported by Ryan Hasson. Originally Published: 3/27/2026. 
Key Points - Alphabet has fallen almost 20% from its record high and broken below key $300 support, but the higher-timeframe uptrend remains intact.
- Fundamentals have rarely been stronger, with Q4 EPS and revenue both beating estimates.
- Despite the selloff, 46 of 51 analysts rate GOOGL a Buy, with a consensus price target of $367.18, implying nearly 26% upside.
- Special Report: Elon Musk's $1 Quadrillion AI IPO
 Shares of Alphabet (NASDAQ: GOOGL), last year's top-performing Magnificent Seven stock, have sold off sharply from their record February high. The stock has now fallen by almost 20%, entering correction territory. In late March it broke below the key $300 support level, signaling a potential short-term momentum shift. A jury's March 25 ruling added to negative sentiment, finding its subsidiary YouTube liable in a social media addiction case and ordering a $3 million payment — a rounding error for a company valued at roughly $3.5 trillion. A $1.5 trillion valuation. That is what industry experts are projecting for the highly anticipated SpaceX IPO, expected to be announced on April 20th — potentially surpassing the combined market caps of the six largest U.S. defense contractors. Consider what Tesla's IPO meant for early investors: a $50,000 position held for 10 years grew to $1.5 million. The SpaceX IPO is projected to be even larger. Before April 20th, there is still a backdoor way to secure a pre-IPO stake in SpaceX. Here is how to get positioned. Claim Your Pre-IPO Position Still, the headlines haven't helped sentiment. With the stock in correction territory, investors may reasonably ask: is it time to sell, or is this the buying opportunity patient investors have been waiting for? Correction Territory, But the Higher Timeframe Trend Remains Intact From a technical perspective, this looks like a pullback within a broader, higher-timeframe uptrend. On the weekly chart the stock remains in a firm uptrend, and the current decline represents the first major pullback and retest since the breakout last July. With the stock now below $300, the next potential support area is around $280, where Alphabet spent several weeks consolidating in November. If the correction accelerates alongside broader market weakness, the final and most critical support zone would be the 200-day simple moving average (SMA), currently near $260. That level would be a meaningful, lower-risk area to watch for signs of stabilization and potential re-entry. The Fundamentals Have Rarely Been Stronger If the technical picture calls for patience, the fundamentals provide conviction. Just over a month ago, Alphabet reported its Q4 and full-year 2025 results, and the numbers were strong across the board. For the third consecutive quarter the company exceeded both earnings and revenue expectations, and it surpassed $400 billion in annual revenue for the first time in company history. Earnings per share (EPS) came in at $2.82, ahead of the $2.59 consensus estimate. Revenue reached $113.83 billion, beating forecasts of $111.43 billion. For the full year, Alphabet generated $402.8 billion in revenue and $10.81 in EPS, reflecting year-over-year growth of 17% and 34%, respectively. Google Cloud continues to be the standout growth driver. Fourth-quarter cloud revenue reached $17.66 billion, up 48% year-over-year and well above estimates. On an annualized basis, Google Cloud has now surpassed a $70 billion revenue run rate. Cloud backlog surged 55% quarter-over-quarter to $240 billion, up from $155 billion the prior quarter, providing exceptional forward visibility. The core advertising business remains resilient as well. Search revenue rose 17% year-over-year in Q4, suggesting AI disruption concerns have yet to materially affect Google's primary revenue engine. YouTube generated more than $60 billion in combined advertising and subscription revenue in 2025, and Alphabet now reports 325 million paid consumer subscriptions across its platforms. On the AI front, Gemini surpassed 750 million monthly active users, with over 10 billion tokens processed per minute through direct API usage — evidence of rapid enterprise and developer adoption. Analysts and Institutions Aren't Worried Despite the selloff, Wall Street sentiment toward the tech giant remains overwhelmingly bullish. Of the 51 analysts covering the stock, 46 rate it a Buy, producing a consensus Moderate Buy. The consensus price target of $367.18 implies nearly 26% upside from current levels — a move that would take the stock to new all-time highs. Institutional flows tell the same story. Over the prior 12 months, about $164 billion flowed into the stock versus $82 billion in outflows, a significant net inflow reflecting sustained confidence in Alphabet's execution, fundamentals, and long-term positioning. |
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