OpenAI's CEO, Nick Turley, has expressed interest in acquiring Google's (GOOGL) Chrome browser, should a federal court mandate its divestiture. This potential move comes as part of the Department of Justice's (DOJ) efforts to prevent Google from dominating the online search industry.
Turley highlighted that integrating Chrome with OpenAI, which is supported by Microsoft (MSFT), could enhance the overall user experience and improve product synergy. The DOJ's legal action aims to curb Google's market power, with divesting Chrome being one of the proposed measures.
This development suggests a significant strategic opportunity for OpenAI to expand its capabilities by potentially integrating Chrome into its suite of technologies, aligning with Microsoft's interests in supporting OpenAI's growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $204.53 with a high estimate of $234.00 and a low estimate of $173.00. The average target implies an upside of 32.90% from the current price of $153.90. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $198.00, suggesting a upside of 28.65% from the current price of $153.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
