Waymo Resumes Ride-Hailing Service in San Francisco After Power Outage Disruption
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Newsfilter
- Service Resumption: Waymo resumed its ride-hailing service in the San Francisco Bay Area on Sunday after a temporary suspension due to a PG&E substation fire that left approximately 130,000 residents without power, disrupting traffic and forcing some businesses to close.
- Operational Pause: The company paused operations on Saturday evening, and while most ongoing trips concluded normally, the incident highlighted challenges in adapting to traffic conditions, impacting user experience.
- Commitment to Technological Adaptability: Waymo stated it is focused on rapidly integrating lessons learned from this event to ensure its technology better adapts to traffic conditions during similar disruptions, aiming to enhance community trust.
- Community Trust Rebuilding: A Waymo spokesperson emphasized the company's commitment to earning and maintaining the trust of the communities it serves, reflecting its sense of responsibility and transparency in the face of unexpected events.
GOOGL
$309.64+Infinity%1D
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 307.160
Low
236.00
Averages
312.00
High
350.00
Current: 307.160
Low
236.00
Averages
312.00
High
350.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
