It is rolling out three new Gemini models as Google pushes to strengthen its AI lineup, lower usage costs and compete more directly in cybersecurity.

• What’s ahead for GOOG stock?

Google Targets Cybersecurity

Google is launching Gemini 3.5 Flash Cyber, a specialized model built to detect and patch software vulnerabilities.

The model will initially be available only to governments and trusted partners through a limited-access pilot. Google said it runs at a lower price per token than larger models, which could help the company compete more directly with Anthropic’s early lead in automated code defense.

Gemini Models Cut Costs

Google is also releasing Gemini 3.6 Flash, which improves coding, multimodal and knowledge-work performance while using up to 17% fewer tokens than the previous model.

Gemini 3.5 Flash-Lite is the fastest and lowest-cost model in the 3.5 family, designed for high-volume workloads and smaller tasks within larger AI-agent systems.

AI Race Intensifies

Google is also testing Gemini 3.5 Pro with partners and has started its largest-ever pre-training run for Gemini 4, offering more visibility into its AI roadmap after questions about product delays.

Technical Analysis

From a trend perspective, GOOG is still holding a longer-term uptrend (up 82.57% over the past 12 months), but the near-term tape is choppier: the stock is trading 1.1% below its 20-day SMA and 4.6% below its 50-day SMA, while staying 1.7% above the 100-day SMA and 8.4% above the 200-day SMA.

Earnings & Analyst Outlook

The countdown is on: Alphabet is set to report earnings on July 22 (confirmed).

EPS Estimate: $2.88 (Up from $2.31 year-over-year)

Revenue Estimate: $113.63 billion (Up from $96.43 billion YoY)

Valuation: P/E of 26.8x (Indicates premium valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $429.67. Recent analyst moves include:

TD Cowen: Buy (Raises forecast to $475 on June 9)

Oppenheimer: Outperform (Raises forecast to $445 on May 15)

JP Morgan: Overweight (Raises forecast to $460 on April 30)
Top ETF Exposure

Significance: Because GOOG carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely trigger automatic buying or selling of the stock.

GOOG, GOOGL Price Action

Price Action: Alphabet (GOOG) shares were down 0.89% at $348.23 and Alphabet (GOOGL) shares were down 0.83% at $349.08 at the time of publication on Tuesday, according to Benzinga Pro data.

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