JPMorgan Cuts Its Price Targets on Many Internet Names, Including META and AMZN

From Yahoo Finance: 2025-04-08 12:30:00

JPMorgan cut price targets on 25 internet companies due to macroeconomic concerns, including Meta, Amazon, Alphabet, and Netflix. Target prices were reduced, but overweight ratings were maintained. The bank predicts a 60% chance of a U.S. recession this year with declining GDP in the second half of 2025. Certain sectors are deemed more vulnerable to negative trends.

Despite JPMorgan’s caution on internet stocks, Meta Platforms, Inc. (META) continues to dominate AI innovations according to Jim Cramer. The article suggests that AI stocks may offer higher returns in a shorter timeframe compared to popular internet stocks like Meta. The author recommends checking out a report on the cheapest AI stock currently available for potential investment opportunities.

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