I made an additional investment in GOOG today. BMO Capital recently raised its price target to $343 while maintaining an “Outperform” rating, reflecting strong confidence in Google Cloud’s growth and AI monetization potential. Following discussions with former AWS employees, who have direct insight into $4.7B+ of annual cloud spending, the firm upgraded Google Cloud’s growth forecast to 39–40% from 38%. These positive checks reinforce my conviction in Google’s cloud leadership and long-term AI-driven revenue growth, making it an attractive opportunity to strengthen my position in the stock.
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