Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Investing.com - BMO Capital raised its price target on Alphabet (NASDAQ:GOOGL) to $294.00 from $225.00 while maintaining an Outperform rating. The stock, currently trading at $242.58, has shown remarkable strength with a 54.45% surge over the past six months and is approaching its 52-week high of $256.
The research firm cited Alphabet’s AI leadership as a key factor translating into strength in core Search and Google Cloud Platform (GCP) according to expert checks.
BMO Capital noted that Alphabet is benefiting from ongoing AI integrations and product launches, which are driving incremental user value.
The firm raised its gross revenue estimates for the third quarter of 2025 by 1.2% and fourth quarter of 2025 by 1.5%.
BMO Capital continues to monitor the Ad Tech Remedies trial outcomes as a key factor, though it maintains the view that a structural break-up of the company is unlikely.
In other recent news, Google has launched Gemini Enterprise, a new AI platform designed to enhance workplace productivity by connecting to company data, workflows, and employees. This comprehensive system offers a unified interface for interacting with company documents and applications through a conversational chat interface. Additionally, Google has announced new initiatives to support small businesses in the U.S. with AI training and funding, emphasizing the importance of AI tools for business success. In a significant investment move, Google plans to invest $10 billion to build a data center cluster in Visakhapatnam, India, expected to be operational by July 2028. The tech giant is also expanding its Google AI Plus subscription plan to 36 more countries, bringing the total to 77 countries. Meanwhile, Citizens has reiterated its Market Outperform rating for Alphabet stock, highlighting the company’s integration of AI across its operations. However, the firm noted that Google needs to accelerate its AI development to keep pace with competitors like OpenAI. These developments underscore Google’s strategic focus on AI and global expansion.
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