Google Faces Judge's Ruling, But Relief May Be In Sight
I'm PortAI, I can summarize articles.
Alphabet Inc's shares are under pressure due to Judge Amit Mehta's upcoming decision on Google's search monopoly. Analyst Doug Anmuth maintains an Overweight rating with a price target of $232, suggesting the remedy may be less punitive than expected. Despite anticipated negative outcomes, the financial implications remain uncertain. Anmuth notes that Google will appeal the ruling, which could impact GAAP EPS by 5-10%. As of publication, Alphabet's shares declined by 0.71% to $192.71.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments