Alphabet shares jump more than 2% as Waymo targets Singapore for 2028

  • Alphabet shares climbed more than 2% in premarket trading on Friday.
  • Waymo plans autonomous ride-hailing services in Singapore beginning in 2028.
  • Tigress Financial Partners raised its GOOGL target to $485 from $415.

Alphabet shares reached $347.33 in premarket trading on Friday, September 18, after rising 1.3% Thursday and gaining more than 2% before the opening bell. The move followed Waymo’s plan to launch autonomous ride-hailing (driverless taxi services) in Singapore in 2028, its first Southeast Asian operation, and a federal court ruling imposing six years of behavioral remedies (operational restrictions and compliance monitoring) in Google’s ad tech antitrust case without requiring the divestiture of AdX. Waymo plans to bring fully autonomous electric Jaguar I-PACE vehicles to Singapore later in 2026, map and validate its systems across the country throughout 2027, and prepare for seasonal monsoon conditions. Tigress Financial Partners raised its GOOGL price target to $485 from $415 and retained a Strong Buy rating, citing artificial-intelligence growth across Search, Cloud and YouTube. The broader analyst consensus is also Strong Buy, based on 25 Buy and four Hold ratings over the past three months, with an average target of $429.31 implying 23.6% potential upside. Alphabet shares are up 11% year to date, while the company reported $81.63 billion in advertising revenue and $24.77 billion in Google Cloud revenue in the second quarter of 2026.

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