- Google faces legal scrutiny for antitrust violations in the online advertising sector.
- Analysts anticipate a potential 36.96% upside on GOOGL with mixed price targets.
- GuruFocus projects a 29.13% upside based on GF Value calculations.
A recent ruling by a U.S. District Judge has found Google (GOOGL, Financial) guilty of unlawfully maintaining a monopoly in online advertising, breaching antitrust laws. The judgment highlights Google's strategic integration of publisher ad servers and ad exchanges, further solidifying its control in these sectors. This ruling adds to Google's mounting legal challenges over its alleged anticompetitive practices.
Wall Street Analysts Forecast
Top financial analysts have set a one-year price target for Alphabet Inc. (GOOGL, Financial) at an average of $207.09. The spectrum of predictions spans from a high forecast of $240.00 to a low of $167.00. Currently priced at $151.20, the average target suggests a significant potential upside of 36.96%. For more in-depth estimates, please visit the Alphabet Inc (GOOGL) Forecast page.
Analyst consensus from 57 brokerage firms rates Alphabet Inc. (GOOGL, Financial) with an average recommendation of 2.0, which categorizes the stock as "Outperform." This rating scale spans from 1, representing a Strong Buy, to 5, indicating Sell.
GuruFocus Valuation Estimates
According to GuruFocus estimates, the projected GF Value for Alphabet Inc. (GOOGL, Financial) over the next year is $195.24. This points to a potential upside of 29.13% from its current price of $151.20. The GF Value is determined by examining the stock's historical trading multiples, past growth metrics, and anticipated business performance. For further detailed analysis, refer to the Alphabet Inc (GOOGL) Summary page.
