Kinda. What SCOTUS actually ruled is that the Colorado Civil Rights Commission violated the Free Exercise Clause, and so essentially threw the case out. The opinion very clearly states that this exception to the anti-discrimination laws are not going to set precedent for future exceptions and that the bar in the future will be even higher due to various changes in the law from the time of the incident.

One article I quickly dug up that seems to give it a fair treatment: https://qz.com/1296174/scotus-masterpiece-bakery-case-the-su...