Alphabet has avoided the worst outcome in an antitrust case, boosting its stock price over the past year. The tech giant generates billions in revenue from Google Search and Google Cloud. Despite fears of a breakup due to an antitrust lawsuit, last week’s ruling spared Alphabet from divesting key assets like Google Chrome and Android.

The court ruling was a major win for Alphabet, with Wedbush analyst Dan Ives calling it a “monster win.” The stock price has advanced nearly 50% over the past year, trading at 23x forward earnings estimates, making it a top tech stock to consider. Alphabet remains well-positioned for growth with its AI capabilities and Google Cloud services.

Investors eyeing Alphabet should note its undervaluation compared to other tech stocks. The recent court ruling removes uncertainty and sets the stage for Alphabet’s continued growth in search and AI services. Despite recent gains, Alphabet remains a strong buy for investors looking for long-term prospects in the tech sector.

Read more at Nasdaq: Dan Ives Says Alphabet Just Scored a “Monster Win.” But, After Double-Digit Gains, is it Too Late to Buy the Stock?