Gene Munster, Managing Partner at Deepwater Asset Management, projects that Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOGL) will spin out its autonomous driving unit Waymo within the next 2-4 years, potentially reaching a valuation between $350 billion and $850 billion by 2030.
What Happened: In a detailed research note, Munster and analyst Brian Baker suggest the spinoff could add 12-28% to Alphabet’s current market capitalization, depending on the parent company’s ownership stake, which they estimate is currently around 70%.
“Today, Waymo alone is too small for Alphabet investors to care about,” Munster wrote. “However, the management team is sharing more about their rapid progress, plans to expand operations, and has raised additional outside capital.”
The analysis comes as Waymo continues to expand its autonomous ride-hailing service, now operating in Phoenix, San Francisco, and …
Full story available on Benzinga.com
Gene Munster, Managing Partner at Deepwater Asset Management, projects that Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOGL) will spin out its autonomous driving unit Waymo within the next 2-4 years, potentially reaching a valuation between $350 billion and $850 billion by 2030.
What Happened: In a detailed research note, Munster and analyst Brian Baker suggest the spinoff could add 12-28% to Alphabet’s current market capitalization, depending on the parent company’s ownership stake, which they estimate is currently around 70%.
“Today, Waymo alone is too small for Alphabet investors to care about,” Munster wrote. “However, the management team is sharing more about their rapid progress, plans to expand operations, and has raised additional outside capital.”
The analysis comes as Waymo continues to expand its autonomous ride-hailing service, now operating in Phoenix, San Francisco, and …
Full story available on Benzinga.com
Gene Munster, Managing Partner at Deepwater Asset Management, projects that Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOGL) will spin out its autonomous driving unit Waymo within the next 2-4 years, potentially reaching a valuation between $350 billion and $850 billion by 2030.
What Happened: In a detailed research note, Munster and analyst Brian Baker suggest the spinoff could add 12-28% to Alphabet’s current market capitalization, depending on the parent company’s ownership stake, which they estimate is currently around 70%.
“Today, Waymo alone is too small for Alphabet investors to care about,” Munster wrote. “However, the management team is sharing more about their rapid progress, plans to expand operations, and has raised additional outside capital.”
The analysis comes as Waymo continues to expand its autonomous ride-hailing service, now operating in Phoenix, San Francisco, and …Full story available on Benzinga.com Read MoreDeepwater Asset Management, Equities, Gene Munster, GOOGL, Kaustubh Bagalkote, News, TSLA, Waymo, Markets, TSLA, US88160R1014, GOOGL, US38259P5089, News, Equities, Markets, Benzinga Markets
