"Citi is adding the watch given a favorable catalyst path, highlighting a series of upcoming announcements across the company's core businesses, including Google Cloud Next and first-quarter earnings."
"The bank expects product updates around Google's Gemini models, Search, YouTube, and Cloud offerings, which could lead to accelerating Search revenue growth."
"Citi described the online advertising backdrop as relatively healthy, supporting the potential for Alphabet to outperform Wall Street expectations in the near term."
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 South Africa
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