- Google faces legal challenges over its Chrome browser in the face of potential antitrust actions.
- Alphabet Inc. (GOOGL, Financial) has a one-year average target price set by analysts at $204.42, offering significant upside.
- Current market sentiment for Alphabet Inc. suggests an "Outperform" status, indicating positive future performance.
Google (NASDAQ: GOOGL) finds itself in the spotlight as it prepares to face legal proceedings in Washington. The tech giant is defending against the Department of Justice's claims regarding monopolistic practices in the online search domain. The stakes are high, as Google argues that the potential outcomes could hinder innovation and lead to increased costs for mobile consumers.
Wall Street Analysts Forecast
According to the latest insights from 49 Wall Street analysts, Alphabet Inc. (GOOGL, Financial) has an average target price of $204.42. This suggests an enticing upside potential of 37.65% from its current trading price of $148.50. With high and low estimates ranging from $240.00 to $159.00, there's a broad spectrum of expectations. For more exhaustive data, visit the Alphabet Inc (GOOGL) Forecast page.
In terms of brokerage sentiment, the consensus recommendation from 56 firms positions Alphabet Inc. with an average rating of 2.0, translating to an "Outperform" indicator. This rating, part of a scale where 1 is a Strong Buy and 5 is a Sell, reflects a robust endorsement from the financial community.
Further bolstering this positive outlook, GuruFocus estimates place the GF Value of Alphabet Inc. at $194.87 within the next year. This indicates a promising upside of 31.23% from the current price point of $148.5. The GF Value is a critical metric, derived from historical trading multiples and forward-looking business performance estimates. Detailed insights are available on the Alphabet Inc (GOOGL, Financial) Summary page.
