From Yahoo Finance: 2025-06-04 10:43:00

JPMorgan raised price targets for top internet stocks like Amazon, Meta, and Alphabet due to decreased trade war concerns. Amazon’s price target was increased to $240, signaling 17% upside potential. Meta’s target was raised to $735, with expectations of 8% upside, driven by advertising tailwinds and AI advancements.

Google owner Alphabet was also listed as a top pick by JPMorgan, with a price target of $195. Google’s successful AI search tools rollout was highlighted, along with the growth of Waymo, Alphabet’s driverless taxi business. Expectations of continued growth and innovation in AI technology were cited.

Music streaming giant Spotify is projected to see low-mid teens revenue growth, with a target price of $730. Online sellers eBay and Etsy are expected to benefit from China tariff relief. Language learning app Duolingo impressed with strong quarterly results, beating expectations.

JPMorgan’s top internet stock picks also included Spotify, eBay, Etsy, Duolingo, and Booking, with raised price targets across the sector. Amazon Web Services growth is expected to reaccelerate, and Meta is set to benefit from advertising tailwinds and AI developments. Alphabet’s strong AI tools execution and Waymo’s growth were highlighted.



Read more at Yahoo Finance: These Are JPMorgan’s ‘Top Picks’ for the Internet Sector