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