Market Overview

Waymo Works To Build Trust As First Pilot-Free Vehicle Hits The Road

Share:
Waymo Works To Build Trust As First Pilot-Free Vehicle Hits The Road
Related GOOG
Blurring The Lines Between VR And Real Life: A New Global Economy Is On The Horizon
Tech Sector Earnings: Revenue Growth Widely Expected To Slow, Will Global Uncertainty Weigh?
Amazon Is Just Getting Started (Seeking Alpha)
Related GOOGL
Google Buys Smartwatch Tech And Know-How From Fossil
Alphabet, McDonald's, Netflix, Xilinx: 'Fast Money' Picks For January 16
Amazon Is Just Getting Started (Seeking Alpha)

Last week, Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Waymo became the first to test fully autonomous vehicles on public roads without a front-seat technician.

The firm still faces challenges in public perception and regulation, but it’s taking strides with education partnerships, data transparency and training opportunities.

The Expert

Andrew Murphy researches consumer habits and product marketing as a managing partner at Loup Ventures. The venture capital firm does not issue ratings and price targets.

The Thesis

A recent AAA survey revealed consumer skepticism of self-driving technology, with an acceptance rate of only 20 percent, according to Loup Ventures.

To address the non-technical barriers to market, Waymo has partnered with community groups such as the National Safety Council, the Foundation for Senior Living, Mothers Against Drunk Driving, the Foundation for Blind Children and East Valley Partnership, Murphy said in a note. 

It has also published an extensive safety assessment, hosted test drives, and collaborated with law enforcement and first responders to train for proper interaction between emergency and self-driving vehicles, the analyst said. 

“Between a groundbreaking and successful test, and a new level of transparency focused on building trust and engaging the public, we believe Waymo has earned its pole position in the race for autonomy,” Murphy wrote, anticipating fleet deployment as Waymo’s likely next step.

Price Action

Since posting a massive bottom-line beat at the end of October, Alphabet has traded around or above $1,040. Last week, it struck an all-time high of $1,063.62.

At the time of publication, shares were trading at $1,043.44.

Related Links:
Your Guide To Trading The Autonomous Vehicle Theme
Robotics Analyst: Nvidia's AI Developments Don't Change Self-Driving Car Timeline

Photo courtesy of Waymo.

Latest Ratings for GOOG

DateFirmActionFromTo
Oct 2018Raymond JamesMaintainsOutperformOutperform
Oct 2018Deutsche BankMaintainsBuyBuy
Jul 2018Raymond JamesMaintainsOutperformOutperform

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: Alphabet Inc Andrew Murphy Google Loup Ventures WaymoAnalyst Color Analyst Ratings Tech Best of Benzinga

 

Related Articles (GOOG + GOOGL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CABOKeyBancUpgrades1,025.0
PANWBMO CapitalUpgrades240.0
UAAGoldman SachsUpgrades28.0
FDCBarclaysDowngrades23.0
GPSGoldman SachsDowngrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Dividend, Revised Focus: Everything You Need To Know About General Electric Today

The Week Ahead For November 13: Conferences, Earnings and IPO Events To Watch