The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
Backtested performance is not an indicator of future actual results. SNC-Lavalin Finalizes Transfer of InPower BCĭisclaimer: The TipRanks Smart Score performance is based on backtested results. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.īed Bath & Beyond: Bleak Outlook, but There’s ValueĪlphabet: Money-Making Powerhouse That Everyone Loves The average Alphabet price target of $3,498.71 implies 25.67% upside potential to current levels. The analyst is also impressed with cloud revenue growth offsetting soft YouTube revenue.Ĭonsensus among analysts is a Strong Buy based on 31 Buys. According to Kulkarni, Alphabet delivered solid Q4 financial results. MKM Partners analyst Rohit Kulkarni reiterated the Buy rating on Alphabet stock and raised the price target to $3,375 from $3,150, which suggests 21.23% upside potential. The commission also concluded that the company distorted internet search results to favor its shopping service. In the lawsuit, Google was accused of using a price comparison service that gave it an unfair advantage over smaller European rivals.īefore handing the massive fine, the European Commission found Google gave its price comparison service more prominent placement than its rivals. The latest lawsuit comes on the heels of Google losing an appeal against a €2.42 billion fine handed in 2017. PriceRunner has secured tens of millions of euros from external financing to pursue the lawsuit. In an interview with Reuters, PriceRunner’s Chief Executive Mikael Lindahl said his company is prepared to fight Google. The company says Google engaged in uncompetitive behavior by manipulating search results that resulted in it losing business. In the lawsuit, PriceRunner is seeking compensation for profit lost in Britain since 2008, and in Sweden and Denmark since 2013. Google accounts for 99% of its total revenue, mostly from advertisements. Reuters reports that Swedish price comparison firm PriceRunner is suing the tech giant for $2.4 billion.Īlphabet is the parent company of Google.
It is completely free to use.Google Sued for $2.4B by PriceRunnerĪlphabet’s Google ( GOOGL) will have to defend itself in Sweden over claims that it manipulates search results.
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