Stifel Reiterates Buy Rating on Alphabet After I/O Conference, $420 Price Target

Stifel analyst Mark Kelley reiterated a Buy rating and $420.00 price target on Alphabet (NASDAQ: GOOGL).

“Earlier today, we listened to the headline keynote address at Google I/O, featuring Sundar Pichai (CEO of Alphabet), Demis Hassabis (co-founder and CEO of DeepMind), Liz Reid (VP of Search), and Josh Woodward (VP of Google Labs and Gemini), amongst others.

The presentation focused on Google’s various AI models, including the new Gemini 3.5 Flash and Omni models, Antigravity 2.0, as well as other new features on Android and Chrome, and other AI integrations across Google’s suite of products; the company also announced and offered demos for several new products and features at the event.

Alphabet remains our top pick in AI (Stifel Select List); today’s event highlighted the company’s ability to bring continued product innovations to the consumer and demonstrated an improving competitive position in the AI race.”

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