Alphabet Inc. (GOOGL) shares have risen significantly following a series of analyst upgrades and a favorable legal outcome. Morgan Stanley increased its price target for Alphabet to $270 from $210, maintaining an 'Overweight' rating, citing strong performance in the company's search and cloud sectors. In September, Alphabet's stock surged 15% after winning a lawsuit against the U.S. Department of Justice and reaching a $3 trillion market capitalization. Other analysts, including Pivotal Research and Jefferies, have also raised their price targets and maintained 'Buy' ratings, contributing to the stock's upward momentum. Currently, GOOGL is trading near its 52-week high, reflecting investor confidence in the company's growth prospects.