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Alphabet's Antitrust Woes Have Made It a Cheap Buy for Bulls.

Authors :
Vlastelica, Ryan
Patnaik, Subrat
Source :
Bloomberg.com; 9/17/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Alphabet Inc., the parent company of Google, has seen its stock price decline by over 20% in the past two months due to regulatory uncertainty and antitrust issues. However, some investors see this as a buying opportunity, as Alphabet's stock is now trading at a significant discount compared to its peers. The company's valuation is starting to outweigh the regulatory concerns, leading some investors to believe that the stock is undervalued. While there are concerns about antitrust trials and potential remedies, analysts remain optimistic about Alphabet's future prospects, with the consensus for its 2025 revenue rising in recent months. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179689363