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 StreetOn 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.

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

A user’s hands typing a search query into a Google Search box, emphasizing the company’s search capabilities.

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 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.

READ NEXT: 10 Trending AI Stocks on Wall Street and 10 Must-Watch AI Stocks on Wall Street.

Disclosure: None.