BNP Upgrades Alphabet to $390 on Enterprise AI Push Ahead of Earnings

BNP Paribas upgraded Alphabet, citing its agentic AI strategy and cloud infrastructure for 15% upside to $390, with bullish technicals near 52-week highs ahead of April 29 earnings (EPS $2.62 est., revenue $104.04B). Google launched the Gemini Enterprise Agent Platform at its April 22 Cloud Next conference, rebranding Vertex AI for IT teams with support for Gemini, Nano Banana 2, and Anthropic Claude models including Opus 4.7, emphasizing governance amid 14% cloud market share end-2025. Shares initially dipped 1.47% on competition fears but analysts now flag cloud revenue acceleration versus Amazon and Microsoft.