35 Trending AI Stocks on Latest News and Analyst Ratings

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6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. JPMorgan recently maintained an Overweight rating on the shares with a $208 price target. The investment firm detailed in a research note that the Department of Justice’s remedies framework in the Google search commercial agreements trial were mostly in-line with expectations. However, per the advisory, the DOJ’s final proposed remedies were not due until November 20, and as a result, the initial framework was somewhat broad and unspecific in terms of exact remedies. JPMorgan added that while there were not any major surprises, the preliminary framework carried headline risk and suggested structural changes or separation proposals were possible for Alphabet. However, the advisory did not believe the high-level framework changed much for the shares in the near-term.

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