U.S. DOJ Pushes for Google to Sell Chrome in Antitrust Case; Stock Down 5%, $220 Price Target

The U.S. Department of Justice (DOJ) has renewed its push for Google to divest its Chrome browser as part of an ongoing antitrust case. This demand is aimed at addressing concerns over Google's dominance in the search engine market. The DOJ's revised proposal, which comes after more than four years of litigation, seeks a court order for Google to sell off Chrome, along with potential implications for Android. Despite the ongoing scrutiny, the DOJ has eased its stance on remedies related to artificial intelligence and Android, indicating a focus on the browser as a primary target for divestiture. Analysts have noted a 5% decline in Alphabet Inc.'s stock following the DOJ's intensified antitrust actions, although some maintain a positive outlook with a price target of $220, suggesting a potential 31% upside. The DOJ's actions signal continued regulatory challenges for Google, even as the tech landscape evolves under the current administration.