{"id":141423,"date":"2025-10-23T21:58:14","date_gmt":"2025-10-23T21:58:14","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/141423\/"},"modified":"2025-10-23T21:58:14","modified_gmt":"2025-10-23T21:58:14","slug":"bofa-stays-bullish-on-alphabet-googl-as-ai-and-cloud-momentum-build","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/141423\/","title":{"rendered":"BofA Stays Bullish on Alphabet (GOOGL) as AI and Cloud Momentum Build"},"content":{"rendered":"\n

Alphabet Inc. (NASDAQ:GOOGL<\/strong><\/a>) is one of the Trending AI Stocks on Wall Street\u2019s Radar<\/a>.\u00a0<\/strong>On October 20, Bank of America reiterated Alphabet as \u201cBuy\u201d and raised its price target to $280 per share from $252. The price target raise comes ahead of Alphabet earnings later this month.<\/p>\n

According to the firm\u2019s checks, third-quarter advertising spending is ahead of expectations, driven by factors such as improving macroeconomic conditions, accelerating data use, and ad spend.<\/p>\n

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\u201cChecks indicate 3Q ad spending ahead of expectations, supported by improving macro, increasing data use, & ad spend to offset organic search traffic declines.\u201d<\/p>\n<\/blockquote>\n

\"\" <\/p>\n

Photo by Kai Wenzel on Unsplash<\/p>\n

Regarding earnings, the firm has raised its revenue forecast above Street consensus. It now anticipates third-quarter revenue of $86.0 billion versus the Street\u2019s $85.0 billion. However, its EPS estimate of $2.17 trails the consensus $2.29 due to anticipated legal charges of $3.9 billion.<\/p>\n

The firm also expects solid search performance with steady paid click growth. This could alleviate AI disruption risk and also support multiple expansions. BofA also said that it anticipates growing momentum in Gemini usage and that recent Cloud deals may aid backlog growth.<\/p>\n

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.<\/p>\n

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b><\/a>.<\/p>\n

READ NEXT: <\/strong>10 AI Stocks Analysts Are Watching Closely<\/a> and 10 AI Stocks in the Spotlight This Week<\/a><\/strong><\/p>\n

Disclosure: None.<\/p>\n","protected":false},"excerpt":{"rendered":"Alphabet Inc. (NASDAQ:GOOGL) is one of the Trending AI Stocks on Wall Street\u2019s Radar.\u00a0On October 20, Bank of…\n","protected":false},"author":2,"featured_media":141424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,4186,194,289,290,7213,18,19,17,82],"class_list":{"0":"post-141423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-alphabet","10":"tag-alphabet-inc","11":"tag-artificial-intelligence","12":"tag-artificialintelligence","13":"tag-bank-of-america","14":"tag-eire","15":"tag-ie","16":"tag-ireland","17":"tag-technology"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115425725844596846","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/141423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=141423"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/141423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/141424"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=141423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=141423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=141423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}