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Alphabet rolls out Gemini agent for enterprise work
TD Cowen raised its price target to $485, while GOOGL was trading near $348 during the AI announcement.
Alphabet introduced its Gemini agent for enterprise AI at a Google Cloud event, positioning it as a universal AI agent built for work rather than a conventional chatbot, according to MarketBeat Ratings.
The Gemini agent is designed to take an objective, plan the steps, and carry out tasks autonomously inside tools businesses already use, including Gmail, Docs, Sheets, and Calendar.
The stock reaction is framed through analyst and market context, with TD Cowen increasing its price target to $485 and Alphabet shares trading around $348, still within a multi month range below its 52 week high, based on MarketBeat Ratings’ summary of the update.