Alphabet Inc. faces securities fraud investigations from Pomerantz LLP and Glancy Prongay Wolke & Rotter LLP regarding potential violations of federal securities laws. The investigations follow a report that Alphabet’s Google is months behind schedule on delivering its Gemini 3.5 Pro artificial intelligence model, its most powerful flagship AI model. The delay and disappointing training results reportedly caused a significant stock decline, injuring investors.

On July 16, 2026, Bloomberg reported that Google updated training data late last month to improve the model's skills, but the results were disappointing. Following this news, Alphabet’s stock price fell $16.40, or 4.4%, to close at $353.81 per share on July 16, 2026.

Pomerantz LLP is investigating whether Alphabet and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Separately, Glancy Prongay Wolke & Rotter LLP announced it is continuing its investigation on behalf of Alphabet investors concerning possible violations of federal securities laws. Investors who purchased Alphabet securities and suffered losses are advised to contact the firms to discuss their rights.

Both firms are seeking persons with non-public information regarding Alphabet to consider aiding the investigation. Under the SEC Whistleblower Program, individuals providing original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

Wells Fargo analyst Ken Gawrelski has maintained an Overweight rating on Alphabet and raised the price target to $438, up from the previous $416. The revised target reflects increased confidence in the company's performance potential.

Rating and Target Details

The research note highlights the firm's continued positive stance on Alphabet's stock. The adjustment in the price objective suggests an expected upside based on the current valuation.

Alphabet trades on the NASDAQ under the ticker GOOGL.