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

Core Viewpoint - Alphabet Inc. is being closely monitored by analysts as a significant player in the AI sector, particularly due to its autonomous vehicle unit, Waymo, which is expected to expand rapidly in the coming years [1][2]. Group 1: Market Expansion and Estimates - TD Cowen analyst John Blackledge has reiterated a Buy rating on Alphabet Inc. with a price target of $355.00, citing accelerated market expansion plans for Waymo [1]. - The firm has raised its estimates for Waymo, predicting that by the end of 2026, approximately 6,000 vehicles will be providing paired rides across 17 cities [2]. - Waymo is projected to generate 28 million paid rides and gross bookings of $463 million, representing about 0.7% of the US rideshare market [3]. Group 2: Company Overview - Alphabet Inc. is a multinational technology conglomerate that wholly owns Google and other businesses [4].