On September 18, Alphabet rose 3.03% in regular trading, trading at $358.318 per share with turnover of $3.049 billion. The rally was driven by multiple positive catalysts, headlined by Waymo's announcement of its international expansion plans and a significant analyst price target increase.
Alphabet's autonomous driving subsidiary Waymo announced it intends to launch its fully autonomous, all-electric commercial ride-hailing service in Singapore in 2028, marking its first foray into Southeast Asia. The initiative is being developed in partnership with Singapore's transport ministry and the Land Transport Authority. Waymo plans to begin mapping operations in 2027 with trained specialists before the commercial rollout. Waymo's latest valuation stands at $126 billion, having completed over 20 million fully autonomous trips to date.
Separately, Tigress Financial raised its price target on Alphabet to $485 from $415, maintaining a Strong Buy rating. The consensus mean price target stands at $426.58. Additionally, a U.S. federal judge ruled against forcing a breakup of Google's ad tech business, instead requiring the appointment of an internal antitrust compliance officer — a materially less severe outcome than the government's original demand to divest AdX.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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