BMO Capital raises Alphabet's price target to $455
1 hours ago
BMO Capital has raised Alphabet’s stock price target from $435 to $455, while maintaining its "Outperform" rating on the company. The BMO Capital research report notes that forecasts for Google Cloud’s fourth quarter and fiscal 2027 were lifted by 2% and 13% respectively, aligning its projections with consensus estimates, backed by strong cloud sector fundamentals, scaling capabilities, and the company’s substantial order backlog. Additionally, Google’s leading position in search remains intact, delivering mid-to-high double-digit growth, though new concerns have emerged regarding the intelligence of its Gemini model. The firm added that Gemini Pro 3.5 was reportedly delayed due to insufficient benchmark testing.
SpaceX has lost nearly $1 trillion in market value from its peak.
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ARK Invest: Bitcoin’s decline diverges from whale accumulation, signaling a market cycle bottom.
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