Alphabet (GOOG) option IV low as share price trends up
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JPMorgan Comments on USA versus Alphabet (GOOG) Trial
September 8, 2023 10:27 AM EDTJPMorgan analyst Doug Anmuth reiterated an Overweight rating and $150.00 price target on Alphabet (NASDAQ: GOOG).
The analyst comments "The long awaited USA vs. Google trial is set to begin next week on September 12. The trial will determine if Google has unlawfully maintained monopoly power through a set of exclusive contracts with distribution partners including web browser developersmost notably Appleand Android OEMs (i.e. Samsung) & carriers (i.e. Verizon). In this report we look at some potential outcomes of the trial and analyze the potential financial impact. Going in,... More
