-
Alphabet stock could fall as much as 25% (Yahoo Finance)
Van Yahoo Finance. De reden waarom Alphabet een (relatief) lage waardering heeft, wat nog lager kan bij een “slechte” uitspraak. Ook al ben ik een fan, er is wel degelijk wat risico.
Alphabet (GOOG, GOOGL) stock could drop between 15% and 25% if US District Judge Amit Mehta orders Google to sell off its Chrome browser, Barclays analysts wrote in a note to investors Monday.
Last Friday, Google and the Department of Justice wrapped up closing arguments in the remedies phase of the case. The Department of Justice argued that Mehta should force Google to divest its web browser, Chrome, and share its search data with rivals as well as ban its exclusivity agreements that secure Google as the default search engine on mobile devices and browsers, Keenan and Yahoo Finance’s Dan Howley reported.
Barclays analyst Ross Sandler wrote in a Monday note that “the probability of a Chrome divestiture, while low, has increased in our view,” following the closing arguments, adding that “the most likely candidates” to buy Chrome would be “well funded AI companies like OpenAI, Anthropic or perhaps Perplexity.”
Sandler said such an outcome would be “a major blow” to Google, given that Chrome has 4 billion users and represents 35% of Google’s search revenue.
“This would be a major development, a black swan event for GOOGL shares,” he said. “Shares would obviously trade off significantly if this were to play out as no investors we speak to are thinking this remedy plays out.”
Mehta is expected to decide on a remedy in the case — and the fate of Google’s search empire — in August. Google said Saturday that it will appeal the case.
-
0 Replies
Sorry, there were no replies found.
Log in to reply.