Alphabet edges up, Scotiabank raises PT on advertising recovery

Bank of Nova Scotia

16/10/2025 14:16

** Alphabet GOOGL.O shares up 0.8% at $253.56 premarket

** Scotiabank raises PT to $310 from $240, representing ~24% upside to stock's last close

** "Alphabet's latest quarter showed a clear recovery in its bread-and-butter advertising business" - brokerage

** Google is carving out a solid niche, especially with customers who want multi-cloud or who favor its AI leadership, Scotiabank says

** Average rating of 67 analysts is "buy", median PT is $245 - data compiled by LSEG

** As of last close, shares up ~33% this year

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))