BMO Capital raised its price target on Alphabet to $455 from $435 and kept its outperform rating on the stock, according to a July 17 note cited by BlockBeats. The firm said it lifted its Google Cloud forecasts by 2% for the fourth quarter and 13% for fiscal 2027, bringing its estimates in line with broader consensus. BMO said the view is supported by strong cloud channel checks, expansion capacity, and a sizable backlog at the company. The note also said Google Search still holds its leadership position, with growth running at a mid-to-high double-digit pace. At the same time, BMO flagged fresh questions around the intelligence of the Gemini model family. It added that Gemini Pro 3.5 has reportedly been delayed because of insufficient benchmark testing. The update combines a more constructive outlook on cloud performance with a note of caution around product execution in AI.
BMO Capital raised its price target on Alphabet to $455 from $435 on July 17 and maintained its outperform rating on the stock, according to BlockBeats.
In a research note, the firm said it increased its Google Cloud forecasts by 2% for the fourth quarter and by 13% for fiscal 2027, bringing those estimates in line with consensus. BMO said the outlook is backed by strong cloud expert checks, expansion capacity, and the company’s significant backlog.
The note also said the case for Google Search’s leadership remains intact, with growth in the mid-to-high double digits. At the same time, new questions are emerging around the intelligence of the Gemini model family. BMO added that Gemini Pro 3.5 was reportedly delayed because of insufficient benchmark testing.
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