Alphabet Class C Faces Antitrust Probe 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 under the spotlight as it faces an antitrust investigation by the U.S. Department of Justice. The probe focuses on Alphabet’s deal with AI startup Character.AI, which granted Google a non-exclusive license to use the startup’s chatbot technology. This agreement is being scrutinized for potentially bypassing formal merger reviews, raising concerns about Google’s competitive edge in the burgeoning AI sector. Despite these legal challenges, Alphabet Class C continues to garner strong support from analysts, who maintain a ‘Strong Buy’ rating with an average price target of $201.14, suggesting a 16% upside from current levels.

Analysts remain optimistic about Alphabet Class C’s future, with TD Cowen’s John Blackledge recently reiterating a ‘Buy’ rating and setting a price target of $195.00. This bullish sentiment reflects confidence in Alphabet’s ability to overcome regulatory hurdles and leverage growth opportunities. As the company navigates these challenges, investors are keeping a close eye on its performance in the stock market, anticipating potential gains amidst the ongoing scrutiny.