Core Viewpoint - Alphabet (Google's parent company) faces contrasting views from top Wall Street investment banks regarding its future, particularly in light of potential antitrust rulings that could impact its core asset, the Chrome browser [1][3][4]. Group 1: Analyst Warnings - Barclays analyst Ross Sandler issued a rare warning that if a U.S. judge orders Google to divest its Chrome browser, it could trigger a "black swan" event, leading to a significant drop in Alphabet's stock price [1][3]. - Sandler noted that Chrome, with 4 billion global users, contributes 35% of Google's search advertising revenue, and a forced sale could result in a stock price decline of 15%-25% and severely impact earnings per share [3]. Group 2: Bullish Outlook - In contrast, Goldman Sachs maintains a strong bullish outlook on Alphabet, reiterating a "buy" rating with a 12-month price target of $220, suggesting a potential upside of 31% from current levels [3]. - Goldman Sachs believes that the market's overly pessimistic sentiment is already reflected in Google's current valuation, providing an opportunity for stock rebound [3]. - The firm projects that Google's core "Search and Other" revenue will grow from $198 billion in 2024 to $318 billion by 2030, bolstered by its investments in artificial intelligence [3]. Group 3: Market Sentiment - Investors are closely monitoring the progress of the U.S. Department of Justice's antitrust lawsuit against Google, with the judge's final ruling on potential structural adjustments to core businesses like Chrome being a critical factor influencing Alphabet's stock price in the short term [3][4]. - The contrasting views from Barclays and Goldman Sachs highlight the complex situation Alphabet faces, balancing opportunities in the AI era with regulatory pressures [4].
谷歌突遭“黑天鹅”预警!巴克莱警告股价或暴跌25%,高盛却唱反调
Huan Qiu Wang·2025-06-04 03:15