TD Cowen Highlights Waymo Growth at Alphabet (GOOGL)

George Soros ranks among the richest hedge fund managers in the world. While Amazon.com, Inc. (NASDAQ:AMZN) remains the billionaire’s largest position, Alphabet Inc. (NASDAQ:GOOGL) ranks 2nd on the list of George Soros’ top holdings with a 2.32% portfolio share ($200 million).

BofA Securities restated a Buy rating and $430 price target for Alphabet Inc. (NASDAQ:GOOGL) on May 15, ahead of the company’s annual developer event. According to analyst Justin Post, the event will focus on developers and is unlikely to feature financial data.

The firm anticipates a wide range of AI developments, including next-gen Gemini LLM features, Gemini-powered OS upgrades, broader Gemini integration among products, search function enhancements, and smart glasses capabilities.

Meanwhile, on May 13, TD Cowen maintained its Buy rating and $450 price target for Alphabet Inc. (NASDAQ:GOOGL), noting robust growth in its Waymo autonomous vehicle services. Compared with 1.26 million in December 2025, Waymo vehicles conducted 1.36 million passenger journeys in California in March 2026, a 92% year-over-year increase.

Waymo usage increased year-over-year, with vehicles driving 88% of total miles to a passenger pickup or with a passenger in the vehicle, a rise from 85% in the fourth quarter.

Alphabet Inc. (NASDAQ:GOOGL) is a leading tech giant with a diverse portfolio, including Google Ads, Google Chrome, Google Cloud, Search, and YouTube, and holds a dominant position in each of these markets.

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