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Alphabet Inc.'s Waymo launched its autonomous ride-hailing service, Waymo One, in Los Angeles, covering 80 square miles. The service has 300,000 on its waitlist and secured $5.6 billion for growth.

Alphabet Inc. (GOOG) is recognized as one of the top five companies by market capitalization, valued at $2.22 trillion, largely due to its leadership in the digital advertising and technology sectors.

MoffettNathanson raised its price target on Alphabet Inc. to $220 from $205, keeping a Buy rating. Analysts show an average outperform rating with a price target range of $151 to $240.

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About Alphabet Inc (Google) Class C

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.