Bank of America Raises Alphabet Price Target on Google’s AI Partnerships with Apple and Walmart
Bank of America has raised its price target for Alphabet, the parent company of Google, supported by strategic partnerships announced with Apple and Walmart, which have strengthened market confidence in the company’s artificial intelligence–driven growth prospects.
Google revealed a new collaboration with Walmart to introduce an enhanced shopping experience within its Gemini chatbot, allowing users to browse products from Walmart and Sam’s Club while searching, and move seamlessly from product discovery to in-app checkout.
In parallel, Google entered into a multi-year partnership with Apple, under which Apple will integrate Gemini models and Google’s AI technologies into its Apple Intelligence features. The agreement includes plans to develop a more advanced version of the voice assistant Siri, beginning in 2026.
These partnerships further reinforce Google’s position in the global AI market, particularly as competition intensifies among major technology companies in the United States and beyond. The Apple collaboration is expected to expand Gemini’s reach across mobile devices, while the Walmart agreement opens new revenue opportunities through e-commerce integration.
In light of these developments, Bank of America raised Alphabet’s price target to $370, up from $335, while maintaining its “Buy” recommendation, citing growing momentum in Google’s AI capabilities and stronger long-term return potential.