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Alphabet Stock Rises as Antitrust Concerns Ease, Piper Sandler Adjusts Outlook
Alphabet Stock Rises as Antitrust Concerns Ease, Piper Sandler Adjusts Outlook
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BTCCSquare news:
Alphabet Inc.'s shares have surged nearly 19% since early September after a U.S. court dismissed stringent antitrust demands from the Department of Justice. The favorable ruling alleviates fears of forced divestitures or major restructuring of Google's Chrome and Android businesses.
Piper Sandler analyst Thomas Champion notes the market has rightly repriced GOOGL shares, reflecting reduced regulatory risk. Advertising spend trends remain robust, supporting revenue projections. The firm now forecasts FY25 revenue at $396.9 billion, with FY26 estimates climbing to $445.1 billion.
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