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Will Trouble in Europe Hurt Google?

NEW YORK (TheStreet) -- The EU filed a formal complaint against Google Inc. (GOOGL - Get Report) (GOOG - Get Report) in April and the tech giant has been fighting it ever since.

The issue is that the EU believes Google is rigging its search engine to favor its aligned shopping sites so they pop up as the first results. Part of Google's defense is the EU disregarded the rising power of other online shopping sites, such as Amazon.com, Inc. (AMZN - Get Report) and eBay Inc. (EBAY - Get Report) .

Will trouble in Europe mean a dip in Google's stock?

Here is the Google's stock recommendation, according to TheStreet Ratings,TheStreet's proprietary ratings tool.

TheStreet Ratings projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 32 major data points, TheStreet Ratings uses a quantitative approach to rating over 4,300 stocks to predict return potential for the next year. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.

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