10:45 AM EDT, 08/14/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) near-term operations are not expected to be disrupted by a recent court ruling that concluded that Google ( GOOG ) is a monopolist, Wedbush Securities analysts said in a note Wednesday.

"The [US Department of Justice] has not formally communicated what possible remedies it may pursue, and proceedings will likely be held in the coming months to determine potential remedies," the analysts, including Daniel Ives, said in the note.

The analysts also took note of a Bloomberg report that the DOJ is considering a bid to break up Google ( GOOG ).

"We believe this would be a stretch and also Google ( GOOG ) will clearly appeal these rulings which will be in the court system for years possibly," the analysts said.

They said they continue to see a breakup of the Big Tech business models as "highly unlikely down the road."

Price: 160.07, Change: -5.86, Percent Change: -3.53