Morgan Stanley Remains Bullish on Alphabet (GOOGL) Following Waymo Analysis

Morgan Stanley reiterated an Overweight rating and $1325.00 price target on Alphabet (NASDAQ: GOOGL). Morgan Stanley revised its Waymo model/analyses for 3 emerging business models – ride sharing, logistics, licensing – and increased EV from $75bn to $175bn.

Waymo is key to Morgan Stanley's new $1,550/share GOOGL SoTP. For Transportation, analyst Brian Nowak believes Waymo could accelerate the disintermediation of legacy parcel carriers like UPS/FDX from the eCommerce delivery supply chain. For Retail, Nowak sees Waymo as a way to attract new customers for WMT, strengthen its alliance with GOOGL against AMZN, and potentially increase physical store traffic.

For an analyst ratings summary and ratings history on Alphabet click here. For more ratings news on Alphabet click here.

Shares of Alphabet closed at $1246.69 yesterday.

You May Also Be Interested In

• India asked Google to block search results linking to gender-test kit Peekaboo - Reuters
• ServiceTitan (TTAN) PT Lowered to $100 at Stifel Following 20% Pullback in Stock
• Craig-Hallum Reinstates FuelCell Energy (FCEL) at Buy, 'The Emerging Data Center Opportunity Provides The Path'