BMO Capital Reiterates Outperform on Alphabet (GOOGL), Raises Price Target to $208

Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Gaining Attention on Wall Street. On July 14, BMO Capital analyst Brian Pitz raised the price target on the stock to $208.00 (from $200.00) while maintaining an “Outperform” rating.

The firm expressed optimism that Google’s AI products, particularly PMax and Gemini, will increase spending from existing advertisers. In an investor note, they mentioned how the products are likely to attract a new cohort of small and medium-sized businesses.

BMO raised its second-quarter 2025 and full-year 2025 Search growth forecasts to 10% and 11%, up from prior estimates of 9% and 10.6%. The firm also reintroduced Alphabet as its “Top Pick”, with shares trading at 18 times expected next-12-month earnings vs. 22.5 times 5-year average.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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