Waymo Updates Driverless Fleet to Address Infrastructure Failures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: Newsfilter
- Infrastructure Failure Response: Following a service pause in San Francisco, Waymo announced comprehensive updates to its driverless fleet to enhance vehicle decision-making at intersections during future infrastructure failures, thereby improving operational resilience.
- Emergency Response Improvement: The company is enhancing its emergency response protocols and coordinating with San Francisco's mayoral team to strengthen collaboration during emergencies, which will ensure quicker and more effective service recovery in crisis situations.
- Service Coverage Expansion: Waymo currently provides paid ride services in San Francisco, Austin, Phoenix, Atlanta, and Los Angeles, with recent weekly paid rides exceeding 450,000, and is projected to surpass 20 million total trips by 2025, indicating strong market demand.
- Safety Record Enhancement: With over 100 million miles of fully autonomous driving experience and a record in improving road safety, Waymo demonstrates its commitment and capability to challenge traditional transportation norms.
GOOGL
$314.35+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: 309.780
Low
236.00
Averages
312.00
High
350.00
Current: 309.780
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.
