- Alphabet's Waymo is testing autonomous robotaxis in Philadelphia, aiming to conquer the city's complex traffic.
- The average analyst price target for Alphabet (GOOG, Financial) is $201.56, representing a potential 13.42% upside.
- GuruFocus estimates a GF Value for Alphabet Inc of $200.14, predicting a 12.62% increase from current prices.
Alphabet's Waymo (GOOG) is pioneering advancements in autonomous driving technology by launching tests for its self-driving robotaxis in Philadelphia. These trials are strategically significant as they aim to successfully navigate the city's notoriously challenging traffic conditions, with human safety drivers overseeing operations. This initiative marks Waymo's intent to broaden its service footprint across major East Coast urban centers, augmenting its operations in established markets like New York City and San Francisco.
Wall Street Analysts Forecast
According to projections set by 18 analysts over the next year, Alphabet Inc (GOOG, Financial) has an average target price of $201.56, with the highest estimations reaching $225.00 and the lowest at $185.00. These targeted projections suggest a promising upside potential of 13.42% from the current trading price of $177.71. For a comprehensive view of these estimates, visit the Alphabet Inc (GOOG) Forecast page.
Market sentiment remains favorable with 21 brokerage firms collectively assigning Alphabet Inc (GOOG, Financial) an average recommendation rating of 1.6, which suggests an "Outperform" stance. This rating employs a scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Sell.
In line with GuruFocus estimates, the projected GF Value for Alphabet Inc (GOOG, Financial) for the upcoming year is calculated to be $200.14. This projection indicates a possible increase of 12.62% from the current market price of $177.71. The GF Value is representative of GuruFocus' estimation of the stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance metrics. Further detailed insights can be accessed on the Alphabet Inc (GOOG) Summary page.
