Alphabet’s (GOOGL) Waymo Momentum Strengthens as Analysts Reaffirm Bullish View

Analysts are growing more confident in Alphabet’s autonomous driving story. In recent news, on February 13, TD Cowen analyst John Blackledge reiterated a Buy rating on Alphabet (NASDAQ: GOOG) with a $365.00 price target.

Blackledge highlighted Waymo’s scaling momentum characterized by its more than 280K weekly trips, improving utilization, and stronger geo expansion in CA. He noted how Waymo has completed 1.26 million trips with passengers in California during December 2025, up from 1.02 million trips in September 2025.

Meanwhile, passenger miles per trip grew 3.8% quarter-over-quarter in the fourth quarter of 2025, implying geographic expansion and freeway access in Los Angeles and San Francisco. As per the firm, utilization metrics have seen improvement on a year-over-year basis, particularly as minutes between trips decreased to 18 minutes per trip in December 2025 compared to 27 minutes per trip in the same period a year earlier.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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Disclosure: None. This article is originally published at Insider Monkey.