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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet Inc.    GOOGL

ALPHABET INC.

(GOOGL)
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Alphabet : Waymo to Offer Completely Driverless Rides In Its Arizona Service Area

10/08/2020 | 04:10pm EST

By Josh Beckerman

Waymo plans to provide fully driverless rides to the general public in the Phoenix East Valley area.

The Alphabet Inc. unit already offers the Waymo One ride-hailing service, with safety operators present in the self-driving vehicles. Some customers participated in a early rider program that required a confidentiality agreement.

Waymo said in a Thursday blog post that as technology improved, it "increased the scope and quantity of our operations, with 5-10% of our rides in 2020 being fully driverless for our exclusive group of early riders under NDA."

In the near term, "100% of our rides will be fully driverless." Later this year, after it adds safety barriers, Waymo will re-introduce rides with vehicle operators, "which will add capacity and allow us to serve a larger geographical area."

In March, Waymo said it raised $2.25 billion led by Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Co., marking its first outside funding.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

10-08-20 1810ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 2.33% 1795.36 Delayed Quote.30.99%
SILVER 0.29% 23.8913 Delayed Quote.27.06%
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Financials (USD)
Sales 2020 179 B - -
Net income 2020 35 705 M - -
Net cash 2020 118 B - -
P/E ratio 2020 35,2x
Yield 2020 -
Capitalization 1 215 B 1 215 B -
EV / Sales 2020 6,14x
EV / Sales 2021 5,02x
Nbr of Employees 132 121
Free-Float 90,3%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 47
Average target price 1 887,24 $
Last Close Price 1 795,36 $
Spread / Highest target 25,3%
Spread / Average Target 5,12%
Spread / Lowest Target -31,1%
EPS Revisions
Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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