"Citi is adding the watch given a favorable catalyst path, highlighting a series of upcoming announcements across the company's core businesses."
"Across these events, the bank expects product updates around Google's Gemini models, Search, YouTube, and Cloud offerings."
"Citi described the online advertising backdrop as relatively healthy, supporting accelerating Search revenue growth."
"We believe Google could report revenues and operating income above consensus projections as newer products and services are announced over the next several weeks."
Citi has placed Alphabet on a 90-day upside Catalyst Watch, anticipating that several upcoming events could boost the stock. Analyst Ronald Josey highlighted key announcements, including Google Cloud Next, first-quarter earnings, and Google I/O. The bank expects product updates related to Google's Gemini models and a healthy online advertising environment to support Search revenue growth. Demand for Google Cloud and AI services remains strong, positioning Alphabet to potentially exceed Wall Street expectations in the near term.
Read at Investing.com
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