Name of opportunity: 👀
Alphabet Inc (Google)
Self-driving cars 🚖
Alphabet shares have risen by 2.34% over the past day, this might be because its robotaxi subsidiary, Waymo, is now available for Uber users in Atlanta. This is the fifth city where Waymo services have been launched.
Alphabet is classified as a growth stock, and is currently performing well with strong profits, cash flow, and revenue growth. The average analyst recommendation for this stock is ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Alphabet Inc (Google) might increase from $170.68 to $201.93 in the next 12 months. If you invested $1000, you might profit $183.11.
Waymo is reportedly providing 250,000 rides per week, which is a significant increase from 100,000 from about this time last year. Waymo also plans to extend further into Miami and Washington D.C next year, signalling potential growth and expansion for the robotaxi company. This might have boosted investor confidence in Alphabet, as the company’s robotaxi service is showing signs of success and future growth potential.
Google’s expansion into the robotaxi industry might have attracted more investors, as this might be a significant source of revenue for the company in the future.
One of the most valuable companies 🌎
Alphabet Inc is a multinational technology conglomerate, and is the parent company of Google. Alphabet is the world’s third largest technology company by revenue, and the largest tech company by profit. The company is headquartered in Mountain View, California, United States.
Which neme?: 🔍
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