Waymo Targets 1 Million Weekly Robotaxi Rides by 2026 Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Should l Buy GOOG?
Source: Yahoo Finance
- Market Expansion Plan: Waymo aims to expand its service to 20 new markets by 2026, targeting 1 million robotaxi rides per week, which is four times its current volume of 250,000 rides, significantly enhancing market share and competitive positioning.
- Manufacturing Capacity Boost: In partnership with Magna, Waymo is expanding its Arizona facility to produce over 2,000 next-generation robotaxis by the end of 2026, addressing future demand and reducing per-unit production costs.
- Safety Advantage: Waymo's data indicates its robotaxis experience only 0.8 accidents per million miles, significantly lower than the 3.96 accidents per million miles for human drivers, which enhances public trust and acceptance of autonomous technology.
- International Market Strategy: Waymo plans to enter the London market in 2026 and is testing in Tokyo, marking a significant step in its international strategy that is expected to generate new revenue streams for the company.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 336.08 USD with a low forecast of 255.00 USD and a high forecast of 400.00 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.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 331.330
Low
255.00
Averages
336.08
High
400.00
Current: 331.330
Low
255.00
Averages
336.08
High
400.00
About GOOG
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.
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