The market value for waymo now is $20b based on google price. The analyst target is 105b. If they succeed according to the cash flow model the analyst came up

The market value for waymo now is $20b based on google price. The analyst target is 105b. If they succeed according to the cash flow model the analyst came up with. Which is, of course, horse shit as all analyst models are, and you don't need to be a rocket scientist to notice that they have no monetizable technology at present and are unlikely to in the time frames they 've boasted about in the past (aka we were supposed to be at level-5 two years ago). FWIIW you can look at the market price as a probabilistic prediction as to whether waymo will succeed to the analysts expectations; about 1 in 5 chances, discounted by long term rates. Seems about right to me.