Alphabet Secures Strong Buy Rating Amid Growth in Autonomous Vehicles

New York, NY – On November 13, 2025, Alphabet Inc. (NASDAQ:GOOG) received a renewed “Buy” rating from John Blackledge, an analyst at TD Cowen, who set a price target of $335 for the company’s stock. This rating highlights the firm’s optimism surrounding Alphabet’s autonomous vehicle division, Waymo.

Waymo recently surpassed one million monthly rides in California, highlighting a robust demand for its services. The company plans to expand its service areas to seven new cities by 2026, projecting a target of one million weekly paid rides by that year.

Blackledge noted that, in addition to increasing ride volume, Waymo could enhance average trip distances and introduce freeway access in crucial urban regions. He emphasized that Alphabet is uniquely positioned to leverage the rapidly growing autonomous vehicle market.

In its Q3 2025 financial results released on October 29, Alphabet reported revenues of $102.3 billion, a 16% increase year over year. Earnings per share rose 35% to $2.87, largely attributed to strong performance in Google Cloud, which generated $15.2 billion in sales, growing 34% year over year due to a surge in artificial intelligence services.

With a 46% quarter-over-quarter increase in its cloud backlog, Alphabet raised its full-year 2025 guidance from $85 billion to between $91 and $93 billion due to an uptick in demand for AI infrastructure. This significant increase showcases the company’s ongoing commitment to technological advancement while addressing rising capital expenditure pressures.

Alphabet, known for its Google search engine, operates through multiple segments including Google Services, Google Cloud, and Other Bets. As the technology landscape evolves, Alphabet appears to be maintaining a strong position in key areas of innovation.

While many investors eye Alphabet, some analysts suggest that other AI-focused stocks could provide higher growth potential with lower associated risks.