Key facts: BMO Raises Google Price Target; AI Investment Faces Challenges
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- BMO Capital increased its price target for Google (GOOG) to $294 from $225, indicating a 30% upside, fueled by AI advancements and strong performance in Search and Google Cloud.1
- Google's major investment in AI faces challenges, as high costs and similar AI models may limit expected returns, according to industry experts.2
- Alphabet (Google) shares increased by over 1% amid a broader recovery in the technology sector, driven by positive trade news and optimism regarding corporate earnings.3