Google parent company Alphabet (GOOGL) is likely to to announce a new Gemini large language model and expanded artificial intelligence (AI) capabilities at its annual developer conference on May 19, says Bank of America (BAC).
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Analysts at the bank are anticipating that Alphabet will unveil Gemini version 4 with stronger reasoning, coding, multimodal, and long-context capabilities. The technology giant is also expected to introduce faster and cheaper Flash variants alongside upgraded models for video, image, and audio generation at its developer conference next week.
Bank of America adds that Google may also announce more autonomous coding capabilities through its software engineering agents. Media reports suggest Google is preparing deeper agentic AI capabilities across products such as Chrome, Gmail, Maps, Calendar and Search.
High Expectations for Google AI
Expectations are running high for Alphabet to maintain its lead in AI. Analysts and investors are looking for the company to announce a new version of Gemini that can autonomously complete tasks such as booking reservations, editing calendars, filling forms, and managing shopping workflows.
Bank of America says that the Chrome search engine could also receive AI-powered browsing capabilities that enable Gemini to interact with other websites autonomously and execute multi-step tasks while keeping users in control of approvals and transactions.
Is GOOGL Stock a Buy?
The stock of Alphabet has a consensus Strong Buy rating among 33 Wall Street analysts. That rating is based on 28 Buy and five Hold recommendations issued in the last three months. The average GOOGL price target of $426.44 implies 11% upside from current levels.
