Alphabet Braces For DOJ Remedies: Analyst Sees 20% Upside Despite 'Worst Possible' Risks

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While JPMorgan analyst Doug Anmuth sees potential headline risk, he believes this could also bring clarity, setting the stage for Google’s response and future appeal strategies.“The DOJ's final proposal should represent the worst possible remedies,” Anmuth notes, adding that Google’s counterproposal on Dec.20 will likely paint a much less drastic picture.

Despite these looming legal battles, Anmuth maintains an Overweight rating on GOOGL stock, citing a price target of $212 – 20% above its current levels.

Remedies, Risks, And The Trump Factor

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Author / Journalist: Surbhi Jain

Category: Technology

Markets: United StatesChina

Topics: GOOG Expert Ideas Trading Ideas GOOGL Artificial intelligence AI US38259P5089 Top Stories Analyst Ratings Long Ideas US38259P7069 Analyst Color Tech Donald Trump Stories That Matter Legal DOJ Benzinga

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Article Type: News Report

Published On: 2024-11-18 @ 13:49:39 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 394 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Benzinga

News ID: 23661090

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