Waymo, backed by Alphabet (GOOG, Financial), has begun offering its robotaxi services in Atlanta, expanding its reach to a total of five cities. This development includes a fleet of over 1,500 autonomous vehicles, showcasing significant progress in the autonomous vehicle sector. In contrast, Tesla's (TSLA) recent launch of its robotaxi service in Austin, Texas, features fewer than two dozen cars and is limited to a small region within the city.
Waymo remains a key player in the autonomous driving industry, with its valuation recently pegged at $45 billion. This growth underscores Alphabet's strategic involvement in the future of transportation technology, further distinguishing its advancements in comparison to Tesla's current offerings.
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 17.53% from the current price of $171.49. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 21 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 $198.45, suggesting a upside of 15.72% from the current price of $171.49. 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.
