Alphabet Remains Core Tech Bet But Regulatory Risks and AI Uncertainties Loom: Analysts
Portfolio Pulse from Anusuya Lahiri
Analysts have re-rated Alphabet Inc (NASDAQ:GOOGL), with Cantor Fitzgerald giving a Neutral rating and Wedbush an Outperform rating. Despite strong core Search revenue growth, regulatory risks and AI uncertainties pose challenges. The upcoming antitrust trial and potential divestiture of Google Ad Manager are key concerns.
September 05, 2024 | 5:34 pm
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Alphabet Inc (GOOGL) received a Neutral rating from Cantor Fitzgerald and an Outperform from Wedbush. Despite strong Search revenue growth, regulatory risks and AI uncertainties loom. The upcoming antitrust trial could impact the stock.
The Neutral rating from Cantor suggests limited upside, while Wedbush's Outperform indicates potential growth. Regulatory risks, AI uncertainties, and the antitrust trial create a mixed outlook, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100