Analyst Laura Martin of Needham maintained a Buy rating on Alphabet Class A, retaining the price target of $220.00.
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Laura Martin’s rating is based on insights gathered from a policy conference with Washington DC insiders, which included regulatory and legislative staffers, as well as lobbyists. The consensus among these experts is that the ongoing antitrust case against Google is unlikely to result in a forced breakup of the company, which alleviates some concerns about potential disruptions to its business model.
Additionally, while the Department of Justice is expected to push for significant changes in Google’s AdTech operations, including a possible structural breakup, the prevailing opinion is that behavioral remedies may be more likely. This outlook suggests that Alphabet may avoid the most severe regulatory outcomes, which supports a positive investment thesis and justifies a Buy rating on its stock.
Martin covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Roku, and Meta Platforms. According to TipRanks, Martin has an average return of 6.5% and a 48.54% success rate on recommended stocks.
In another report released on August 18, BMO Capital also reiterated a Buy rating on the stock with a $225.00 price target.