Google faces AI test after BofA’s $430 price target
Alphabet shares rose over 1% Monday, valuing the company near $4.9 trillion ahead of Tuesday’s Google I/O developer conference in Mountain View. Bank of America and other analysts kept Buy ratings, citing strong AI and cloud growth, but warned that high expectations and lack of major AI announcements could pressure the stock. Google I/O will focus on Search, Android, Gemini, and smart glasses.