Waymo, a subsidiary of Alphabet (GOOG, Financial), has secured approval from the California Public Utilities Commission to broaden its autonomous services in the Bay Area, notably covering "nearly all of San Jose." This development allows Waymo to operate its fully autonomous ride-hailing service, Waymo One, throughout the South Bay region. Although immediate operational changes are not anticipated, the company is eager to extend its service benefits to a larger segment of the Bay Area in the future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 20.07% from the current price of $167.87. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $197.33, suggesting a upside of 17.55% from the current price of $167.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
