Alphabet Class C Faces Antitrust Scrutiny Amid Strong Buy Ratings

Alphabet Class C ( (GOOG) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Alphabet Class C (GOOG) is currently facing significant antitrust challenges as the U.S. Department of Justice investigates its deal with AI startup Character.AI. This agreement, which allowed Google a non-exclusive license to use Character.AI’s chatbot technology, is under scrutiny for potentially bypassing formal merger reviews to avoid deeper regulatory examination. The DOJ’s investigation adds to the growing list of antitrust concerns surrounding Google, as regulators worry that such deals might give tech giants an unfair advantage in the rapidly developing AI sector.

Despite these legal hurdles, Alphabet Class C continues to receive strong support from analysts. According to a recent report by TD Cowen’s John Blackledge, the stock maintains a ‘Buy’ rating with a price target of $195.00, suggesting a potential upside from its current trading levels. The analyst consensus remains bullish, with a ‘Strong Buy’ rating and an average price target of $201.14, indicating a 16% upside. This positive outlook reflects confidence in Alphabet’s ability to navigate its challenges and capitalize on future growth opportunities.