Google: Still Only A Hold
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Alphabet, despite strong Q3/24 results, faces regulatory risks and potential recession impacts, leading to a 'Hold' rating. The U.S. antitrust lawsuit against Google could affect its market dominance, similar to Microsoft's past legal issues.
November 14, 2024 | 12:15 pm
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Alphabet's Q3/24 results show strong revenue and operating income growth, but regulatory risks from a U.S. antitrust lawsuit and potential recession impacts lead to a 'Hold' rating.
Alphabet's strong Q3/24 results are overshadowed by significant regulatory risks due to the U.S. antitrust lawsuit, which could impact its market dominance. This, combined with potential recession impacts, justifies a 'Hold' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100