BMO Capital analyst Brian Pitz raised the firm’s price target on Alphabet to $215 from $185 and keeps an Outperform rating on the shares. The company’s Search & Other revenue growth rate accelerated to 14%, higher than 11% consensus, the analyst tells investors in a research note. Given its full-stack AI offering, BMO sees Alphabet as one of the best-positioned AI competitors, noting that the company should produce longer-term sustainable revenue growth across all segments.
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