- Alphabet's Waymo achieves a major breakthrough with Level 4 autonomous driving technology.
- Analysts forecast a promising upside for Alphabet Inc. (GOOG, Financial) with a target price reflecting a potential 9.18% increase.
- GuruFocus estimates indicate an 8.38% upside potential for GOOG based on GF Value metrics.
Alphabet's (GOOG) Waymo division is staking its claim as a leader in the emerging robotaxi industry, marking a significant technological stride by reaching Level 4 autonomous driving capabilities. This feat places Waymo well ahead of Tesla's (TSLA) Level 2 technology. With 250,000 paid rides weekly across the U.S., Waymo's expansion efforts are in full swing, including its latest mapping venture in Philadelphia.
Wall Street Analysts Forecast
In the landscape of stock projections, 18 financial analysts have set their sights on Alphabet Inc (GOOG, Financial), predicting an average price target of $203.00 within the next year. Their estimates range from a high of $225.00 to a low of $185.00. This average target suggests a potential growth of 9.18% from the current stock price of $185.94. For in-depth analysis and more data, the Alphabet Inc (GOOG) Forecast page offers valuable insights.
The consensus from 21 brokerage analysts awards Alphabet Inc (GOOG, Financial)
GuruFocus's proprietary metrics provide further optimism through the estimated GF Value for Alphabet Inc (GOOG, Financial)Alphabet Inc (GOOG) Summary page.
