11:12 AM EDT, 09/03/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) legal "win" in the antitrust case ruling on Google's ( GOOG ) monopoly is the "best-case outcome" and removes the medium-term overhang on valuation and sentiment, Oppenheimer said in a Tuesday note.

According to the recent court ruling by US District Judge Amit Mehta for the District of Columbia, Google ( GOOG ) is not required to divest its Chrome browser. The tech giant can continue to pay Apple ( AAPL ) for users of Google Search despite being barred from exclusive contracts, Oppenheimer analysts said. Apple ( AAPL ) can renegotiate a deal for Search every year as the AI landscape evolves, they said.

Oppenheimer's April 2024 survey showed that 75% of iPhone users would choose Google Search as their search engine, with suggests that the impact of losing Apple ( AAPL ) exclusivity would likely be offset by lower traffic acquisition cost percentage to Apple ( AAPL ), the analysts said.

Among the notable aspects of the ruling are that Google ( GOOG ) is required to share search index data with qualified competitors but not advertising data, the analysts said. Google ( GOOG ) will also have to publicly disclose ad auction changes, but does not have to share query-level data with advertisers or offer publishers more options in how Search uses their content. Further, Google ( GOOG ) does not have to divest its Android operating system, and Google ( GOOG ) apps can remain as defaults within Android, the analysts noted.

Oppenheimer reiterated the tech giant's stock rating at outperform and increased the price target to $270 from $235.

Price: 229.87, Change: +17.88, Percent Change: +8.43