Why Alphabet Stock Flopped Today
No news wasn't really good news for Google parent (NASDAQ: GOOG)(NASDAQ: GOOGL) on Tuesday. It's safe to say the mighty tech company doesn't like being reminded of its woes in the regulatory sphere, particularly with its antitrust fight against the federal government's Department of Justice (DOJ). Yet a clutch of analysts at an influential financial services company again put it on Alphabet's radar with a new, not overly positive analysis.
Before market open, Morgan Stanley published a client note outlining four potential outcomes of the Alphabet antitrust case, which it lost in early August. None of the quartet envisions the tech giant escaping without at least some damage from the situation.
In the first, least severe scenario, Alphabet's foundational search business, Google, would be mandated to remove exclusivity clauses from its distribution screens. It would be required to implement choice screens, allowing users to choose their search engine instead of defaulting to Google. The Morgan Stanley team feels this is the best-case scenario, citing data from Europe, where the choice screen is required, showing that Google nevertheless maintains a more than 97% market share on that continent.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
With a target price of 165 € there is a positive potential of 20.21% for Alphabet Inc. C compared to the current price of 137.26 €.
