- Alphabet’s Waymo expands robotaxi service in Austin, doubling its reach to fortify its position against Tesla.
- Analyst predictions suggest a potential 10.94% upside for Alphabet stock.
- GF Value estimates foresee an 8.93% upside, highlighting Alphabet's growth potential.
Alphabet's Waymo division, a pioneer in autonomous vehicle technology, has strategically enhanced its presence in the bustling city of Austin by doubling the service area of its innovative robotaxi fleet to an impressive 90 square miles. This expansion is a calculated move to sustain its competitive momentum against industry rival Tesla (TSLA) by delivering a cutting-edge, fully autonomous ride-hailing experience around the clock. The enhanced service now encompasses more Austin neighborhoods, thanks to a collaborative effort with Uber (UBER).
Wall Street Analysts Forecast
In the realm of stock price predictions, 51 seasoned analysts have provided their insights on Alphabet Inc (GOOGL, Financial), with their one-year price targets averaging at $202.95. The estimates range from a high of $250.00 to a low of $160.00, suggesting a promising upside potential of 10.94% from its current trading price of $182.93. For those seeking further detailed predictions, more data can be accessed on the Alphabet Inc (GOOGL) Forecast page.
The collective wisdom of 55 brokerage firms currently assigns Alphabet Inc (GOOGL, Financial) an average brokerage recommendation score of 1.9, indicating an "Outperform" status. This score is derived from a rating scale where 1 denotes a Strong Buy, and 5 represents a Sell. Such ratings reflect a consensus of optimism about the stock's future trajectory.
According to GuruFocus's proprietary metrics, the estimated GF Value for Alphabet Inc (GOOGL, Financial) in the coming year is projected at $199.27. This figure suggests an upside of 8.93% relative to the current price of $182.93. The GF Value is a reflection of what GuruFocus estimates the stock should trade at, factoring in historical trading multiples, past business growth, and anticipated future performance. Investors can explore more comprehensive details on the Alphabet Inc (GOOGL) Summary page.
