Analysts Optimistic on Alphabet Ahead of Earnings

Wall Street analysts expressed growing optimism about Alphabet Inc. on Monday, placing the tech giant on a list of stocks poised for potential upside amid a series of upcoming product events and financial disclosures through mid-July. The positive assessments from firms including Citi and Guggenheim highlight expectations for robust growth in Alphabet's cloud and artificial intelligence segments as the company prepares to report first-quarter results on April 29.

Citi analyst Ronald Josey added Alphabet to the firm's 90-day upside Catalyst Watch, covering the period through July 13. He described the designation as reflecting a "favorable catalyst path," pointing to a lineup of events that could drive share gains. These include the Google Cloud Next conference from April 22 to 24, followed by first-quarter earnings on April 29, YouTube's Brandcast on May 13, the Google I/O developer conference on May 19 and 20, and Google Marketing Live on May 20. Citi anticipates announcements on Gemini AI models, search innovations, YouTube features, and cloud offerings at these gatherings. The firm noted that the digital advertising market remains relatively healthy, supporting continued...