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Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Analysts Are Watching. On January 22, TD Cowen analyst John Blackledge reiterated a Buy rating on the stock with a $355.00 price target. The firm cited accelerated market expansion plans for the company’s autonomous vehicle unit Waymo.
In an investor note, the firm said that it is raising its Waymo estimates to reflect an accelerating pace of market launches in 2026. It now anticipates that an estimated 6000 vehicles will be offering paired rides across 17 cities by the end of 2026.
These will lead to 28 million paid rides and gross bookings of $463 million, equivalent to about 0.7% of the US rideshare market. Besides the 12 expected city launches in 2026, Waymo is also testing several other markets, TD Cowen noted.
We left GOOG est’s unchanged; PT remains at $355.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks on Market Radar and 10 Buzzing AI Stocks Analysts are Watching
Disclosure: None.
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