It’s that time again, as Alphabet (NASDAQ:GOOG) prepares to unveil its latest quarterly filing next week on April 29. There has been a flurry of activity over the past few months, and investors are eagerly anticipating the opportunity to peek behind the curtain.
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Indeed, there has been no shortage of developments impacting the market at large and the tech sector in particular. Many have put a damper over the market, as fighting in the Middle East and worries over capex spending have pressured share prices.
Alphabet was no exception, and GOOG declined throughout the months of February and March. April has been another story, however, and the company benefited from the rising sentiment that flowed from prospects of a ceasefire.
Geopolitics aside, the rapidly developing AI technology – and Alphabet’s place in the ecosystem – will be among the prime topics on next week’s earnings call. Top investor Michael Del Monte is expecting to find plenty of reasons to feel confident in the company’s prospects next week.
“I believe Alphabet may be in a position of strength among the hyperscalers in terms of AI development and adoption,” states the 5-star investor, who is among the top 1% of stock pros covered by TipRanks.
Del Monte points out that the company was quite busy over the past few months. He notes that Alphabet closed its acquisition of Wiz, deepened its partnership with Broadcom, and has continued to make advancements with its AI development.
The investor is particularly encouraged by the collaboration between Alphabet and Broadcom to develop up to 3.5 GW of TPU capacity for Anthropic in the years ahead. He posits that this deal secures the company’s leadership as the custom silicon provider for third-party customers.
Moreover, Del Monte also cites the many strides the company is making with its AI models, such as the recent release of Gemma 4 (built on Gemini 3) and Gemini Robotics-ER 1.6 in the physical AI realm. The Wiz acquisition should help shore up the company’s cybersecurity across its AI platforms, he adds.
“Advancements in AI development could compound growth over the coming years, particularly for agentic AI, AI inferencing, and physical AI,” emphasizes Del Monte, who reiterates a Strong Buy rating for GOOG. (To watch Del Monte’s track record, click here)
That’s the spirit on Wall Street as well. With 11 Buys and 1 Hold, GOOG enjoys a Strong Buy consensus rating. Its 12-month average price target of $385.44 points to an upside of 14%. (See GOOG stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.