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Alphabet’s Antitrust Case Update
Alphabet Inc. (NASDAQ: GOOGL, GOOG) has successfully avoided a detrimental outcome in its ongoing antitrust case, which was weighing on the company’s stock performance. A recent ruling by a U.S. district court determined that Alphabet will not need to divest major assets, including Google Chrome and Android, allowing the tech giant to maintain its market position. In light of this, Wedbush analyst Dan Ives described the court’s decision as a “monster win” for Alphabet shareholders.
Stock Performance and Revenue Context
Since the ruling, Alphabet’s stock has rallied, climbing nearly 50% over the past year. The company primarily generates 85% of its revenue through advertising across its platforms, making the outcomes of these legal proceedings critical for its financial health. Ives has increased his price target for Alphabet’s shares from $232 to $245, further encouraging investor confidence in the stock’s potential despite earlier risks posed by the antitrust lawsuit.
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