BMO Capital raised the firm’s price target on Alphabet (GOOGL) to $294 from $225 and keeps an Outperform rating on the shares. The company’s AI leadership continues to translate into strength in core Search and Google Cloud Export, per expert checks, as Alphabet benefits from ongoing AI integrations and product launches, driving incremental user value, the analyst tells investors in a research note. The firm is monitoring the Ad Tech Remedies trial outcomes as a key but maintains its view that a structural break-up is unlikely, BMO added.
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