Alphabet’s Waymo valuation cut 40% by Morgan Stanley to $105 billion amid challenges in self-driving car market

Waymo, Alphabet’s self-driving car division, is taking longer than expected to develop a commercialized product, leading analysts at Morgan Stanley to lower their valuation of the company by 40%. In a report on Thursday, Morgan Stanley cut its valuation on Waymo to $105 billion from $175 billion, based a discounted cash flow analysis.

https://www.cnbc.com/2019/09/27/waymo-valuation-cut-40percent-by-morgan-stanley-to-105-billion.html