Google (GOOG, Financial) has expressed its stance following closing arguments in the Department of Justice's search remedies trial. The company conveyed on social media that the DOJ's suggested measures significantly exceed the initial court ruling's scope and, according to Google, could negatively impact consumers, businesses, and the U.S.'s technological edge. Google plans to await the court's final opinion and remains confident in challenging the decision, believing the original ruling to be erroneous. They anticipate pursuing an appeal to address these concerns.
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 $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 16.61% from the current price of $172.85. 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 $199.83, suggesting a upside of 15.61% from the current price of $172.85. 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.
