Bond.az - BofA Securities reiterated a Buy rating and $430 price target on Alphabet Inc. (NASDAQ:GOOGL) ahead of the company's annual developer event. The stock is trading at $401.07, near its 52-week high of $403.70.
Alphabet's I/O developer event kicks off on May 19 at 10 a.m. PST. The event is developer-focused and will not include financial updates.
Analysts expect announcements on generative AI, TPU upgrades, and agentic AI. Google recently unveiled 8th-gen TPUs.
Waymo recalled 3,791 robotaxis due to a software flaw in flood detection. Anthropic launched Claude for Small Business.
Google announced Gemini Intelligence for Android, coming to Samsung Galaxy and Pixel phones this summer.
