7Pixel S.r.l., a subsidiary of Moltiply Group S.p.A., has initiated a follow-on claim for damages against several entities within Google's parent company. The claim pertains to allegations of abusive market practices that allegedly favored Google Shopping over competitors from 2010 to 2017. This follow-up action comes after the European Court of Justice's ruling in September 2024 confirmed these practices. According to expert assessments commissioned by 7Pixel, the total damages sought, accounting for the structural impacts of this abuse and interest, amount to approximately EUR 2.97 billion. The case underscores ongoing scrutiny over Google's (GOOG, Financial) business practices within the European market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $202.50 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 30.02% from the current price of $155.75. 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 1.6, 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 $197.64, suggesting a upside of 26.9% from the current price of $155.75. 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.
