Gary Black Finds Google-Parent Alphabet Attractively Priced Amid Possible DOJ Push To Break The Company: 'Relatively Inexpensive Among Growth Stocks'
Portfolio Pulse from Kaustubh Bagalkote
Gary Black of Future Fund LLC finds Alphabet Inc. (GOOG, GOOGL) attractively priced despite DOJ's potential push to break up the company. The DOJ is considering remedies to address Google's dominance in the search market, while AI competitors like ChatGPT and Copilot gain ground.
October 10, 2024 | 2:15 am
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Alphabet Inc. (GOOG) is seen as attractively priced by Gary Black, despite DOJ's potential breakup push. The stock faces challenges from AI competitors like ChatGPT and Copilot.
Gary Black highlights Alphabet's attractive valuation with a P/E ratio of 20.7x for 2024. However, the DOJ's potential breakup and competition from AI models like ChatGPT pose risks. The stock's price dropped 1.6% despite a positive market, indicating mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alphabet Inc. (GOOGL) is considered relatively inexpensive by Gary Black, but faces DOJ scrutiny and competition from AI models. The DOJ may seek to break up parts of Google's business.
Gary Black finds Alphabet's valuation attractive, but the DOJ's potential breakup and AI competition are significant risks. The stock's recent decline in a rising market suggests investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100