Google's parent company Alphabet might have already rallied this year, but Wall Street thinks you haven't missed the boat. With shares trading at just 22 times earnings while rivals command far richer valuations, analysts are betting on a catch-up trade that could deliver 50% returns.
The catalyst? A landmark court victory that protected Chrome from forced divestiture has cleared the biggest cloud hanging over the tech giant's future, which trades under the ticker GOOGL, and has weathered a regulatory storm and emerged with renewed investor confidence.
