In light of the ongoing antitrust trial concerning Google Search, Wells Fargo analyst Ken Gawrelski has provided insights into the likely outcomes. The firm anticipates that a forced separation of Google's Chrome browser or a ban on search distribution payments is unlikely. Instead, Wells Fargo expects potential remedies to include a prohibition on exclusive default distribution agreements and requirements for data sharing and syndication, aimed at enhancing market competition.
Despite these potential regulatory changes, Wells Fargo maintains an Equal Weight rating for Alphabet Inc. (GOOG, Financial), with a price target set at $175. The firm continues to monitor the situation closely, assessing how these developments might impact Google's operational landscape and market position.
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 12.73% from the current price of $178.79. 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 $199.10, suggesting a upside of 11.36% from the current price of $178.79. 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.
