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BUZZ-BofA lifts PT on Alphabet; shares rise

Reuters01-13 23:41

BUZZ-BofA lifts PT on Alphabet; shares rise

** Shares of Google parent Alphabet GOOGL.O up 1.2% at $335.78

** BofA Securities raises PT to $370 from $335, a 11.5% upside to stock's last close

** Says Apple AAPL.O-Google deal validates Gemini's position as a leading LLM for mobile devices and supports investor confidence in Google's long-term search distribution and monetization on Apple devices

** "We think the Apple and Walmart WMT.O deals warrant a higher multiple given increased evidence of traction for Google's Gemini capabilities, and potential for AI-driven monetization upside" - BofA

** 53 of 62 brokerages recommend "buy" or higher, others "hold"; median PT is $330 - data compiled by LSEG

** GOOGL rose 65.4% in 2025

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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