BMO Capital Raises Alphabet (GOOGL) Price Target by $10 – Here’s Why

Alphabet Inc. (NASDAQ:GOOGL) is one of the Harvard University Stock Portfolio: Top 10 Stock Picks.

BMO Capital Raises Alphabet (GOOGL) Price Target by $10 - Here's Why

On April 24, 2026, BMO Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) from $400 to $410. The firm’s analyst Brian Pitz reiterated the Buy rating on the stock. Alphabet Inc. (NASDAQ:GOOGL) is all set to report its Q1 2026 earnings on April 29, 2026, following a significant 116% growth in its stock value over the past year. The growth was notably driven by the company’s cloud business segment alongside a high demand for its proprietary TPU chips and aggressive AI partnerships. Adjusting the company’s price target ahead of the results announcement, BMO Capital Analyst cited the stock as a Top Pick and labelled it as the best investment for the firm to tap into the AI growth opportunities. The analyst further noted that the company is consistently expanding its leadership positions across the AI stack.

In another development, on the same day, Bloomberg reported that Google, owned by Alphabet Inc. (NASDAQ:GOOGL), has plans to invest up to $40 Billion in Anthropic PBC, an American artificial intelligence company. With this investment, Anthropic secures critical infrastructure for its successful Claude Code software while bolstering Google’s TPU ecosystem.

Founded in 2015, Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more. The company also offers cloud infrastructure and platform services, collaboration tools, and other services for enterprise customers, as well as healthcare-related services and internet services.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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