BMO Capital Raises Alphabet Price Target to $480 on Intact AI Story

BMO Capital raised its price target on Alphabet Inc. to $480 from $465 while maintaining an Outperform rating. Analyst Brian Pitz reiterated the company as a Top Pick, noting that Alphabet's artificial intelligence narrative remains intact amid healthy enterprise adoption and momentum across operating divisions. In addition to the price target adjustment, BMO Capital lifted its forward financial growth estimates for Google Cloud, citing accelerating enterprise demand for cloud computing and AI-powered workloads.