00:00 Brian Sozzi

I’m Yahoo Finance executive editor Brian Sozzi here with the opening bid podcast stock of the day, one minute on the clock. And you know, sometimes you come across some really good research in your very crowded inbox and you just have to click on it. For me, that is a new note on Alphabet from a tech analyst Gil Loria. The headline on this one is, quote, time to break it up and unleash shareholder value. Of course, the headline with a headline like that will certainly catch my attention. Gil’s case is this, he thinks Google essentially is mirroring, this is not a good class to be in, Xerox and General Electric, companies that perhaps gotten too big for their britches and the market is not valuing them correctly. Gil makes the case that if Google is broken up, which could happen because the company isn’t focused right now with enforcement officers or members of the government with that and that breakup could happen. Loria makes the case that Google could be worth or Alphabet could be worth up to $300 a share. The stock is trading about $160 a share now. He also makes up a good point that it depends right now what happens with Google. If it is split up, it is depends on founders Sergey Brin and Larry Page. They have multi-class shareholder structure there. So what happens to this company falls on them. But again, Loria making the case, the company’s undervalued current levels as the search business comes under attack by likes of Perplexity and ChatGPT. Good note by Gil and his team. And that’s it for the opening bid, stock of the day.


Leave a Reply

Your email address will not be published. Required fields are marked *