"BMO's web-traffic analysis implies accelerating year-over-year visit growth to Google.com, suggesting AI Overviews integration into Search is pulling more users in rather than pushing them away."
"BMO's $410 GOOGL price target sits well above the broader analyst consensus of $376.68, positioning BMO as one of the more bullish voices in a crowd that already skews positive."
"In Q4 FY2025, Google Search revenue reached $63.07 billion, up 17% year over year, while Google Cloud posted $17.66 billion in revenue, up 48% year over year."
BMO Capital Markets increased Alphabet's price target to $410, maintaining an Outperform rating. The firm emphasizes Alphabet's leadership in AI and its positive web traffic data, indicating growth in Google.com visits. This counters concerns about AI competitors eroding Google's search dominance. BMO's target exceeds the analyst consensus of $376.68, with a majority of analysts rating Alphabet positively. The company's Q4 FY2025 revenue from Google Search and Cloud shows significant year-over-year growth, supporting the bullish outlook on Alphabet's AI strategy.
Read at 24/7 Wall St.
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