This article first appeared on GuruFocus.
Oct 10 – BMO Capital boosted its price target for Alphabet (NASDAQ:GOOGL) to $294 from $225, a 30% upside from the current level, citing growing leadership in artificial intelligence.
The brokerage maintained its Outperform rating and highlighted Alphabet’s strength across core businesses, including Search and Google Cloud Platform, supported by faster AI integration and product rollouts. The firm said these efforts are driving incremental user value and improving revenue visibility.
BMO raised its gross revenue projections by about 1% for the third quarter of 2025 and 1.5% for the fourth quarter, reflecting continued AI-driven gains. Alphabet shares were last trading around $242.58, up roughly 54% in the past six months and nearing their 52-week high of $256.
Analysts are also watching the outcome of the Ad Tech Remedies trial, which BMO noted remains a key risk factor, though it views a forced company breakup as unlikely.
Separately, Google recently introduced Gemini Enterprise, an AI-powered workplace productivity platform, and announced a $10 billion data center investment in India, underscoring its ongoing global expansion in AI.