Worried about Big Tech? You should probably calm down.
The federal government may be mulling antitrust investigations of the Big Tech pantheon of Alphabet Inc.’s Google GOOGL, +1.52% GOOG, +1.62% , Apple Inc. AAPL, +3.66% , Facebook Inc. FB, +2.04% and Amazon.com Inc. AMZN, +2.18% , yet financial analysts insist investors have little to worry about for the foreseeable future.
Google and other big tech companies are locked in intensifying competition across multiple markets, analysts also pointed out. While federal regulators could scrutinize the reach of Google’s search and programmatic advertising, and “interplay” between the company’s app ecosystem and Android operating system, Sheridan theorizes, Google is slugging it out with Amazon, Apple, Facebook, Microsoft Corp. MSFT, +2.77% , Netflix Inc. NFLX, +4.
Wedbush Securities analyst Daniel Ives feels much the same way about Apple, for which he maintains an outperform rating and price target of $235. A potential Justice Department investigation, Ives wrote in a note to investors, “will be an overhang on the stock, but ultimately we would encourage investors to focus on the fundamentals of Apple in the near-term as any probe would take many years to complete as we witnessed firsthand with Microsoft in the late 1990’s/early 2000s.
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