- Google (GOOG, Financial) is set to appeal a federal judge's ruling on its monopoly power in online search and digital advertising.
- Recent analyst targets predict a potential upside of 16.61% for Google's stock.
- GuruFocus's GF Value suggests a promising increase of 14.06% from the current stock price.
Google (GOOG) plans to appeal a federal judge's ruling asserting its monopoly in online search and digital ads. The company disagrees with the finding and is prepared to challenge it once a final opinion is issued. The ruling suggests measures to counteract Google's dominance in the market.
Wall Street Analysts Forecast for Google
Wall Street analysts offer insights into Alphabet Inc (GOOG, Financial) with their one-year price targets. The average target price, based on the evaluations of 18 analysts, is $201.56. Price estimates range from a high of $225.00 to a low of $185.00. This suggests a potential upside of 16.61% from Google's current price of $172.85. For a deeper dive into these estimates, visit the Alphabet Inc (GOOG) Forecast page.
Consensus Recommendation and Investment Potential
The consensus recommendation from 22 brokerage firms rates Alphabet Inc (GOOG, Financial) as an "Outperform," with an average score of 1.6. This rating is on a scale where 1 represents a Strong Buy and 5 signifies a Sell, indicating confidence in Google's continued market performance.
GuruFocus's GF Value Estimation
GuruFocus projects the GF Value for Alphabet Inc (GOOG, Financial) to be $197.15 in one year, suggesting an upside potential of 14.06% from the present stock price of $172.85. The GF Value is a GuruFocus metric estimating the fair value for trading based on past and predicted performance as well as historical trading multiples. More insights into this evaluation can be found on the Alphabet Inc (GOOG) Summary page.
