BofA Reiterates Buy on Alphabet Stock

BofA Securities reiterated a Buy rating on Alphabet stock ahead of its developer event. Get insights on AI announcements and stock performance.

2026-05-15 08:50|Last updated: 2026-05-15 08:52

BofA Reiterates Buy on Alphabet Stock — Photo: Prepared by Bond.az

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.

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