Alphabet's stock, GOOGL, is gaining attention as TD Cowen raises its price target, citing significant cloud growth. Similarly, Citi has placed Google on its watchlist for a positive outlook, increasing its target price to $405.

With four major conferences and earnings reports approaching, analysts are questioning whether Alphabet remains an undervalued AI stock worth investing in now. Investors are keenly watching these developments as they could impact GOOGL's market performance.