Google parent Alphabet Inc (GOOG  ) (GOOGL  ) stock traded higher by over 3% on Monday as risk appetite stays firm in big-cap tech.

Alphabet will replaced Verizon Communications Inc (VZ  ) in the Dow Jones Industrial Average before trading opened today. The change gives the Dow greater exposure to mega-cap technology stocks and the AI trade.

Reportedly, Verizon had lost influence in the price-weighted index due to its lower share price, which represented just 0.5% of the Dow.

Technical Analysis

From a trend perspective, GOOG is still in a longer-term uptrend, up 94.71% over the past 12 months and holding about 10% above its 200-day SMA ($313.87). At the same time, the stock is trading 3.3% below its 20-day SMA ($357.16) and 5.9% below its 50-day SMA ($366.88), which keeps the near-term posture more in "repair mode" than in breakout mode.

The 20-day SMA below the 50-day SMA is a bearish crossover that often signals that rallies are being sold sooner than they were earlier in the trend.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the July 22, 2026 (estimated) earnings report.

  • EPS Estimate: $2.87 (Up from $2.31 YoY)
  • Revenue Estimate: $113.54 Billion (Up from $96.43 Billion YoY)
  • Valuation: P/E of 25.5x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $429.67. Recent analyst moves include:

  • TD Cowen: Buy (Raises Forecast to $475.00) (June 9)
  • Oppenheimer: Outperform (Raises Forecast to $445.00) (May 15)
  • JP Morgan: Overweight (Raises Forecast to $460.00) (April 30)
Top ETF Exposure

  • Fidelity MSCI Communication Services Index ETF (FCOM  ): 8.66% Weight
  • BBH Select Large Cap ETF (BBHL  ): 8.41% Weight
  • Invesco Nasdaq Internet ETF (PNQI  ): 9.93% Weight
Significance: Because GOOG carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

Price Action

Alphabet shares were up 3.26% at $345.59 at the time of publication on Monday, according to Benzinga Pro data.