Alphabet Inc. unveiled its revolutionary AI model, Gemini 1.5 Flash, on Tuesday, sending Google stock soaring. KeyBanc analyst Justin Patterson predicts a significant upside, projecting the stock to reach $200. This marks an 18% increase from its current value. Since its low in March, Google stock has already seen a 30% surge.

Patterson maintains a "buy" rating on Google stock, citing its potential to leverage AI and drive growth. The annual Google I/O developer conference showcased the company's commitment to innovation, further solidifying its position in the AI market. Additionally, Google stock offers a 0.47% dividend yield, making it an attractive option for investors.

Bank of America analyst Justin Post shares Patterson's optimism, reiterating his "buy" rating on the stock. The bullish outlook comes on the heels of Alphabet's solid Q1 performance and its announcement of a 20-cent quarterly dividend per share.

With KeyBanc and Bank of America both bullish on Google stock, investors are taking note. The question remains: is now the time to invest in Google stock?