Google (GOOG, Financial) has announced that its Wallet service will terminate PayPal integration for users in the United States. Starting June 13, individuals will no longer be able to utilize linked PayPal accounts for payments through the platform. New PayPal account linkages for U.S. users were halted by Google beginning in April.
Despite this change, PayPal-branded debit cards will still be accepted on Google Wallet. Google advises users wishing to continue secure and seamless online payments using the Google Pay button to ensure they have at least one card added to their Google account. Additionally, individuals with non-Google recurring payments or subscriptions linked to PayPal are encouraged to update their payment methods promptly with the respective service providers to prevent any disruptions.
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 19.77% from the current price of $168.29. 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 $199.07, suggesting a upside of 18.29% from the current price of $168.29. 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.
