06:48 AM EDT, 09/03/2025 (MT Newswires) -- Apple ( AAPL ) and Alphabet (GOOGL) scored a "massive win" in Google's ( GOOG ) antitrust case, with a federal court ruling that their $20 billion search deal will remain in place, Wedbush said in separate notes Tuesday.

The decision removes a "huge overhang" on Apple's ( AAPL ) stock and "lays the groundwork for Apple ( AAPL ) to continue its deal and ultimately likely double down on more AI-related partnerships with Google Gemini down the road," the analysts said. While some changes to the agreement are expected, Wedbush said the ruling effectively eliminates a $25 overhang on Apple ( AAPL ) shares, with the Street expected to view it as "very bullish."

For Google ( GOOG ), the outcome is "broadly favorable," with the court dismissing the Department of Justice's most severe proposals, including a request to divest Chrome. Wedbush said the ruling eases worst-case regulatory outcomes, adding that "concerns around the impact of genAI on the business are fading," while "management is repositioning the business as a winner in the AI space, with strong demand trends and an acceleration in Cloud growth."

The firm maintained its outperform ratings on both firms, with a $270 price target for Apple ( AAPL ) and a raised $245 target for Alphabet.