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Bank of Montreal (NYSE:BMO) is one of the 10 All-Time High Stocks with Legs to Rally Further.

On June 16, 2026, Scotiabank analyst Mike Rizvanovic raised the firm's price target on Bank of Montreal (NYSE:BMO) to C$239 from C$234 and maintained an Outperform rating.

Earlier in June, Mike Rizvanovic also upgraded Bank of Montreal to Outperform from Sector Perform and raised the price target to C$234 from C$209 following the fiscal Q2 report. Rizvanovic cited "strong potential lending volume upside" in the U.S., where the bank has completed its optimization and is expanding within its targeted California footprint. Scotiabank also sees "clear momentum" in BMO's return on equity trajectory.

Last month, BMO renewed its strategic partnership with the Vector Institute for Artificial Intelligence for another five years. The collaboration will continue to provide access to AI research, specialized talent, and applied programs supporting BMO's strategy.

Bank of Montreal (NYSE:BMO) provides diversified financial services primarily in North America through Canadian Personal and Commercial Banking, U.S. Banking, Wealth Management, and Capital Markets.

While we acknowledge the potential of BMO 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.

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