Alphabet price target raised to $217 from $215 at BMO Capital

BMO Capital raised the firm’s price target on Alphabet (GOOGL) to $217 from $215 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s Cloud revenue accelerated once again on AI workloads and differentiated security offerings, its Search monetization continues to exceed Street estimates with incremental growth from AI Overview Ads on mobile and globally in 2025, and its YouTube outlook is improving from Shorts monetization enhancements, the analyst tells investors in a research note.