From Yahoo Finance: 2025-05-24 16:30:00

Investment bank TD Cowen maintains a $195 price target and Buy rating on Alphabet Inc. (NASDAQ:GOOG) due to the potential of its self-driving subsidiary, Waymo. Gross bookings for Waymo are expected to reach $6.1 billion in 2034, with a compound annual growth rate of 44%. TD Cowen values Waymo at $60 billion.

The company’s DeepMind/GenAI businesses are valued at $130 billion, with potential to rise. Google’s cloud unit, valued at eight times its expected 2026 revenue, could see a 7% valuation increase if the multiple increases to 11. TD Cowen suggests that GenAI integration and investments can boost Alphabet Inc. (NASDAQ:GOOG)’s valuation.

While GOOG shows promise, some AI stocks may deliver higher returns with limited downside risk. For those seeking 100x upside potential in an AI stock, consider exploring the cheapest AI stock.

Source: Insider Monkey.



Read more at Yahoo Finance: Investment Bank Suggests That Alphabet (GOOG)’s Valuation Could Climb Significantly