Alphabet’s latest artificial intelligence offering has analysts on Wall Street standing by their optimistic view of the stock. The company unveiled a suite of AI-powered tools at its Google IO developer conference on Tuesday that are available via $249.99 per month subscription called “Google AI Ultra .” The service includes higher usage limits, which will allow users to access the full capability of Google’s large language model Gemini, as well as new initiatives like its AI film making tool Flow and 30 terabytes of storage. The plan also includes a YouTube Premium subscription. The rollout comes as Alphabet is racing to further monetize AI products and services. Head of product incubator Google Labs and the Gemini app Josh Woodward labeled the suite as the “VIP pass for Google AI.” Here’s what analysts on Wall Street are saying on the heels of the Google IO event. Shares were marginally higher in premarket trading on Wednesday. Evercore ISI, outperform rating, $205 per share price target Analyst Mark Mahaney’s price target calls for more than 25% upside from Tuesday’s $163.98 close. “We don’t believe there will be only one AI winner, but we think Google has successfully proven that it will remain a leader in the AI race. Our two biggest takeaways from this I/O are: 1) Google continues to show a high level of innovation across all fronts; and 2) AI Overviews boosting ‘overview-type’ search queries by roughly 10% in the U.S. and India suggests to us that instead of disrupting Google Search, AI may actually accelerate it,” the analyst said.

Full report : Google details its artificial intelligence path for the future with a flurry of AI launches.