Alphabet’s Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is looking at $25.4 billion in damages over its AdTech practices in two separate suits across the U.K. and The Netherlands.
The tech behemoth’s advertising business practices continue to draw scrutiny and ire. Last year, it was fined €220 million in France and an investigation in the U.K. remains ongoing.
In another development, Google has now stopped the development of the next version of its Pixelbook amid cost rationalization measures. The team working on the computer has been placed in other parts of the company, according to The Verge. Further, Google has also closed its Mandiant acquisition this week.
Is Google a Good Stock to Invest in?
The Street continues to view Google favorably as a whopping 30 of the total 32 analysts covering the stock have assigned it a Buy rating.
The consensus rating for Google remains a Strong Buy and the average price target of $142.91 indicates a 28.91% potential upside. That’s after a 7.78% share price decline over the past month.
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