Analyst Boosts Alphabet Price Target to $270 After DOJ Ruling

Oppenheimer analyst Jason Helfstein raised Alphabet's price target to a Street-high $270, citing the DOJ's remedial decision as a "best-case outcome" for Google. The ruling allows the tech giant to retain Chrome and Android without structural breakup risks, preserving ecosystem synergies.

Alphabet shares surged 7% in extended trading following the federal court's decision. Helfstein maintains his Buy rating, projecting 27.7% upside potential from current levels. The analyst ranks #2,408 among 10,004 tracked professionals on TipRanks, with a 47% success rate across his recommendations.

Judge Amit Mehta's remedy eliminates medium-term valuation overhangs while permitting continued payments to Apple for Search defaults—though exclusive contracts are now prohibited. Market sentiment improved sharply as regulatory uncertainty diminished.