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BMO raises Alphabet’s stock target to $294, citing AI and cloud growth.
Alphabet Inc. is gaining momentum in AI-driven search and cloud computing, prompting BMO Capital Markets to raise its stock price target to $294.
The upgrade reflects growing confidence in the company’s generative AI advancements, which are being integrated into Google Search and Google Cloud.
Analysts believe these innovations will boost user engagement, advertising revenue, and competitiveness, positioning Alphabet well for long-term growth amid rising demand for AI and cloud services.
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BMO eleva el objetivo de acciones de Alphabet a $294, citando el crecimiento de la IA y la nube.