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