Google Parent Alphabet's Breakup Could Boost Stock Value, Citing Higher Investor Appeal For Pure-Play Assets: Analyst
Google Parent Alphabet's Breakup Could Boost Stock Value, Citing Higher Investor Appeal For Pure-Play Assets: Analyst
In a groundbreaking judgment, a U.S. federal judge found that Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) illegally sustained search and text advertising monopolies.
在一項開創性的判決中，一位美國聯邦法官裁定，Alphabet Inc.（納斯達克股票代碼：GOOG）（納斯達克股票代碼：GOOG）非法維持了搜索和文字廣告壟斷。
This ruling is a notable triumph for the Department of Justice, led by Jonathan Kanter.
該裁決是喬納森·坎特領導的司法部的顯著勝利。
Antitrust regulators accused Google's parent company of preserving its monopoly in online search and advertising by paying $26 billion to Apple Inc. (NASDAQ:AAPL), Samsung Electronics, and other smartphone manufacturers over several decades for prominent placement on browsers and mobile devices.
反壟斷監管機構指責谷歌的母公司在幾十年中向蘋果公司（納斯達克股票代碼：AAPL）、三星電子和其他智能手機制造商支付了260億美元，用於在瀏覽器和移動設備上佔據顯著地位，從而保持其對在線搜索和廣告的壟斷。
This lawsuit was in addition to two DOJ antitrust cases against Google, alleging that the company illegally fortified its monopolies.
該訴訟是對美國司法部針對谷歌的兩起反壟斷訴訟的補充，指控該公司非法強化其壟斷地位。
Needham analyst Laura Martin reiterated Alphabet stock a Buy rating with a price forecast of $210.
尼德姆分析師勞拉·馬丁重申了Alphabet股票的買入評級，預計股價爲210美元。
In the long term, Alphabet's strategic position is best-in-class, the analyst writes.
這位分析師寫道，從長遠來看，Alphabet的戰略地位是同類中最好的。
The company's $237 billion in global ad revenue for 2023 accounted for 38% of worldwide digital ad spending, eMarketer reports. In digital markets, which tend to favor dominant players, Alphabet has emerged as a clear winner, Martin highlights.
eMarketer報告稱，該公司2023年全球廣告收入爲2370億美元，佔全球數字廣告支出的38％。馬丁強調，在往往偏愛占主導地位的數字市場中，Alphabet已成爲明顯的贏家。
The analyst views Alphabet's breakup as beneficial, noting its parts are 'worth' more individually than as a whole.
分析師認爲Alphabet的解散是有益的，並指出其各個部分比整體更具有 “價值”。
According to Martin, the EU will likely mandate Alphabet to spin off its third-party network ad business.
根據馬丁的說法，歐盟可能會要求Alphabet分拆其第三方網絡廣告業務。
YouTube would be valued at $455 billion-$643 billion if separately traded.
如果單獨交易，YouTube的估值將達到4550億至6,430億美元。
The analyst writes that if Alphabet is broken up, its shares would likely appreciate for several reasons.
這位分析師寫道，如果Alphabet解散，其股價可能會升值，原因有很多。
Investors value pure-play assets more because they can better manage risk exposure than conglomerates.
投資者更看重純粹的資產，因爲與集團相比，他們可以更好地管理風險敞口。
Increased transparency from separate entities would meet materiality standards, offering more detailed data to investors, Martin adds. Employee retention might improve as staff receive stock in the company they can influence directly.
馬丁補充說，提高獨立實體的透明度將符合重要性標準，從而爲投資者提供更詳細的數據。隨着員工獲得他們可以直接影響的公司股票，員工留存率可能會提高。
A breakup would also increase capital allocation accountability to Wall Street.
分手還將增加對華爾街的資本配置責任。
Additionally, by reducing its size through spin-offs, Alphabet could lower regulatory risks and potential fines, as regulators often target "Big Tech" based on market cap.
此外，通過分拆來縮小規模，Alphabet可以降低監管風險和潛在的罰款，因爲監管機構通常根據市值瞄準 “大型科技公司”。
Martin expects the company to report EPS of $7.62 in FY24.
馬丁預計，該公司將在24財年公佈的每股收益爲7.62美元。
Price Action: GOOG shares are trading higher by 0.31% to $161.13 at the last check on Tuesday.
價格走勢：在週二的最後一次支票中，GOOG股價上漲0.31％，至161.13美元。