Citi Puts Alphabet on 90-Day Upside Watch Ahead of Packed Spring Events

Overview

• Alphabet, which was placed on a 90-day upside Catalyst Watch Tuesday, is on Citi’s list of stocks it thinks could benefit from near-term events through July 13.
• The window stacks Google Cloud Next on April 22–24, first-quarter results on April 29, YouTube Brandcast on May 13, Google I/O on May 19–20, and Google Marketing Live on May 20.
• Citi says demand for Google Cloud’s AI tools remains strong and notes Gemini now tops 750 million monthly users, supporting its view that revenue and operating income could beat forecasts.
• The bank expects product news across Gemini, Search, YouTube, and Cloud during those events, which it says could lift sales and profit drivers such as search ads and enterprise services.
• Insider filings show more than 2 million shares sold worth about $104.5 million over 90 days, while institutions added shares and insiders still own about 12.99%.