BofA Raises Alphabet Target After Earnings Beat
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- BofA raised its price target for Alphabet after the earnings beat.
- Google Cloud now accounts for 18% of Alphabet's total revenue.
- Gemini AI is being integrated across Chrome and other Google products, expanding AI presence.
- Alphabet posted the second biggest one‑day jump in market cap among the Mag 7 after earnings.
Why it matters: BofA analysts and institutional investors gain from a higher target price, while Alphabet's AI‑driven growth diverts ad spend from search, reshaping revenue mix and boosting cloud margins.
