Alphabet Inc. (NASDAQ:GOOGL) saw its price target raised to $343 from $340 by BMO Capital, maintaining an “Outperform” rating. The firm is confident in Google Cloud’s growth and AI monetization, following expert calls with former AWS employees. Growth estimates for Google Cloud have been raised to 39%/40%.

BMO highlighted key takeaways for Alphabet Inc., including expanding cloud commitments, AI agents supporting cloud commitments, Claude emerging as a preferred model, and enterprise AI applications scaling in 2027. The firm remains confident in Google Cloud’s growth potential and long-term monetization of AI.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate owning Google and other businesses. While GOOGL has potential as an investment, some AI stocks offer greater upside potential and lower downside risk. For those seeking an undervalued AI stock benefiting from tariffs and onshoring trends, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Why BMO Sees Alphabet (GOOGL) Benefiting From Expanding AI Cloud Commitments