Dan Ives Says Alphabet Just Scored a "Monster Win." But, After Double-Digit Gains, is it Too Late to Buy the Stock?

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been a fantastic investment opportunity for investors over the years. The company owns the world's No. 1 search engine, Google Search, and generates revenue from its growing cloud computing unit Google Cloud as well as through the sales of equipment such as smartphones. This has helped the tech giant generate billions of dollars in earnings -- and the stock price has advanced more than 600% over the past decade, scoring a win for shareholders who have held on for the long haul.But one thing in particular has prompted some investors to hold back on buying the stock, and that's a U.S. antitrust lawsuit. Last year, in the Justice Department's case against the company, a U.S. district judge ruled that Alphabet operates an illegal Internet search monopoly. To remedy the situation, the department recommended a breakup of Google -- and one of the possibilities was the sale of Google Chrome.Though Alphabet stock has advanced, the case still weighed on the stock's potential as some investors worried about a dismantling of the company's valuable search business. Last week, though, that worst-case scenario was avoided. In fact, Alphabet scored a "monster win," according to Wedbush analyst Dan Ives. Still, after Alphabet's double-digit gain this year, is it too late to get in on this top tech stock? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool