Key Takeaways:
- Google's legal battle over a €4.12 billion EU fine faces a significant setback.
- Analysts maintain an "Outperform" rating for Alphabet Inc (GOOG, Financial).
- Current market forecasts predict an upside of nearly 16%.
Google's Legal Challenges in the EU
In a significant development, Google's (GOOG) quest to overturn a substantial €4.12 billion EU antitrust fine has hit a roadblock. This comes as an adviser to the European Union's highest court recommended upholding the initial ruling. The General Court previously found that Google leveraged its dominance in the Android ecosystem to strengthen its market position for its search engine, a decision now supported by this latest advisory opinion.
Wall Street Analysts' Perspectives
Examining the one-year price predictions from 18 analysts reveals an average target price for Alphabet Inc (GOOG, Financial) at $201.56. Projections range from a high of $225.00 to a low of $185.00, suggesting a potential upside of 15.85% from the current trading price of $173.98. For more detailed forecast data, you can visit the Alphabet Inc (GOOG) Forecast page.
Analyst Ratings and Recommendations
Alphabet Inc (GOOG, Financial) currently enjoys an "Outperform" status with an average brokerage recommendation score of 1.6, according to 22 brokerage firms. This rating signifies a positive outlook, with the scale ranging from 1 (Strong Buy) to 5 (Sell).
GuruFocus Valuation Estimates
The GuruFocus estimate for Alphabet Inc (GOOG, Financial) over the next year sets the GF Value at $198.25. This estimation points to an upside of 13.95% from its current market price of $173.98. GF Value reflects GuruFocus' evaluation of the fair trading value of the stock, derived from its historical valuation multiples, past growth performance, and future business forecasts. Additional details can be explored on the Alphabet Inc (GOOG) Summary page.
