Key Highlights:
- Google is currently under investigation by the Justice Department for potential antitrust violations.
- Despite this, Alphabet’s stock price sees a 2.7% increase following AI announcements.
- Analysts suggest a potential 15.78% upside in Alphabet’s stock within the next year.
Google (GOOG) is currently facing scrutiny as the Justice Department investigates its technology agreement with Character.AI, a developer specializing in chatbots. This probe is centered on whether the agreement bypassed typical merger review processes in violation of antitrust laws. Nevertheless, Alphabet shares experienced a 2.7% increase, fueled by recent announcements in the AI sector.
Wall Street Analysts' Forecast
According to input from 18 analysts, the one-year price target for Alphabet Inc (GOOG, Financial) averages at $201.56. Projections range from a high of $225.00 to a low of $185.00. This average price target indicates a potential upside of 15.78% from the current trading price of $174.08. Interested in more detailed estimate data? Visit the Alphabet Inc (GOOG) Forecast page.
Among 22 brokerage firms, the consensus recommendation for Alphabet Inc's (GOOG, Financial) is an average rating of 1.6, which corresponds to an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
From the perspective of GuruFocus estimates, the GF Value for Alphabet Inc (GOOG, Financial) in a year is anticipated to be $198.21. This presents an estimated upside of 13.86% from the existing price of $174.08. The GF Value metric represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business performance, and future business expectations. For further data and a comprehensive overview, visit the Alphabet Inc (GOOG) Summary page.
