Today’s alphabet stocks have fallen
alphabet (google -1.44%)) (Goog -1.44%)) Stocks ended in red on Thursday. The company’s share price is S & P 500 (^GSPC 0.13%)) 0.1% increase Nasdaq composite (^ixic -0.13%)) 0.1%fall.
Alphabet stocks fell 3% by 3% down to 3% by 1% than investors responded to other catalysts. The new pair of analyst price targets still suggested that there is a significant increase in stocks, but the stock has moved low in accordance with the news that the company has received a disadvantageous monopoly law.
Alphabet stocks first rose to new price goals.
Before the market begins this morning Morgan Stanley We have announced a new application of overweight levels of alphabets. The company has lowered its one -year goal for stocks from $ 210 per share to $ 185 per share, but the new goal is about 20% higher than the price of today’s market.
verity In addition, we announced a new scope of application today to maintain the purchase rating, but we lowered our goals from $ 220 to $ 200 per share. Truist’s new goal in Market Open suggests a 30% potential increase.
Stocks have fallen since the monopoly on the alphabet
Judge Leonie Brinkema, a US local judge, said today that the alphabet is responsible for intentionally building and maintaining monopoly in the digital advertising network space. The alphabet will appeal to the ruling, and the success in the digital advertising market is the result of “simple, inexpensive and effective”.
Today’s court submission increases the opportunity for Alphabet to spray the Google advertising network, but according to the characteristics of the appeal process, this action will take several years.
Suzanne Frey, an executive of Alphabet, is a member of the board of directors of Motley Fool. Keith Noonan has no location in any of the shares mentioned. MOTLEY FOOL has a position and recommends alphabet and truist financial. The MOTLEY FOOL has a public policy.
