Bank of America Resets Google Stock Forecast Before Key Event Bank of America analyst Justin Post has revised his forecast for Alphabet's stock ahead of Google I/O, citing concerns that the company may not deliver a show stopping announcement.
This year's conference, scheduled for May 19 20, is expected to be a critical moment in determining investor confidence in Alphabet's AI ambitions. Alphabet's stock price has surged 25.
34% this year, outperforming its peers in the "Magnificent 7" – a group that includes Amazon, Microsoft, and Facebook parent Meta.