TD Cowen Reiterates Buy on Alphabet (GOOGL), Sees Waymo Launches Accelerating in 2026

2 months ago 13

Ghazal Ahmed

Tue, January 27, 2026 astatine 2:06 AM CST 1 min read

Alphabet Inc. (NASDAQ:GOOGL) is 1 of the AI Stocks Analysts Are Watching. On January 22, TD Cowen expert John Blackledge reiterated a Buy standing connected the banal with a $355.00 terms target. The steadfast cited accelerated marketplace enlargement plans for the company’s autonomous conveyance portion Waymo.

In an capitalist note, the steadfast said that it is raising its Waymo estimates to bespeak an accelerating gait of marketplace launches successful 2026. It present anticipates that an estimated 6000 vehicles volition beryllium offering paired rides crossed 17 cities by the extremity of 2026.

A fleet of cars parked astatine a car rental company's headquarters, symbolizing the company's committedness to servicing its customers.

These volition pb to 28 cardinal paid rides and gross bookings of $463 million, equivalent to astir 0.7% of the US rideshare market. Besides the 12 expected metropolis launches successful 2026, Waymo is besides investigating respective different markets, TD Cowen noted.

We near GOOG est’s unchanged; PT remains astatine $355.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational exertion conglomerate holding institution wholly owning the net elephantine Google, amongst different businesses.

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