After hosting an expert call to discuss the likelihood of and implications from increased antitrust scrutiny of big technology companies, Jefferies analyst Brent Thill believes a breakup of Alphabet (GOOG, GOOGL) is unlikely. Further, actual regulatory action would take a long time, and much longer than the upcoming election cycle, Thill tells investors in a research note. It is also worth noting that breakups are not always a bad thing for stocks, says the analyst. He believes this is the case of Alphabet as the "sum-of-the-parts may be worth more than the whole." Thill keeps a Buy rating on the shares with a $1,450 price target.

Meta Platforms (META), the parent company of Facebook, Instagram, WhatsApp, Oculus, Threads and other brands, is scheduled to report first quarter 2024 results after market close on Wednesday, April 24 with a conference call scheduled for 5 pm ET. Here's what to... To see the rest of the story go to thefly.com. See Story Here