The Australian internet regulatory body is at odds with YouTube (GOOG, Financial), following a push from the regulator for the government to overturn a proposed exemption that would apply to the platform in a new teen social media ban. This disagreement introduces potential complications to the anticipated launch of a law in December that mandates social media companies to prevent access by users under 16 years old, or face fines. The policy's implementation remains uncertain as negotiations continue.
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 21.41% from the current price of $166.01. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 21 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 $198.49, suggesting a upside of 19.57% from the current price of $166.01. 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.
