Hyperdrive
Morgan Stanley Sees Ford Reaping $5 Billion From Google Deal
Photographer: Daniel Acker/Bloomberg
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Ford Motor Co.’s new alliance with Alphabet Inc. unit Google could create an annual revenue stream of $9 billion and generate a gusher of $5 billion in profit for the automaker, according to an estimate by Morgan Stanley.
A new revenue source of that magnitude might double Ford’s $43 billion market capitalization and send its stock soaring to $25, up from less than $11 now, Adam Jonas, Morgan Stanley’s automotive analyst, wrote in a note to investors Tuesday.