JPMorgan analysts raised their price targets on a number of internet stocks, signaling to clients that concerns over the Trump administration’s tariff policies have at least partially subsided.

Big Tech titans Amazon (AMZN) and Meta (META) each earned a higher price objective, along with smaller names like Spotify (SPOT), eBay (EBAY), Duolingo (DUOL), Etsy (ETSY), and Booking (BKNG). 

Amazon

JPMorgan expects Amazon Web Services growth to reaccelerate in the second half of the year as supply chain constraints ease. The company has a litany of other potential 澳洲幸运5官方开奖结果体彩网:growth catalysts, as well, including advertising, grocery sales, Amazon Logistics, and its Project Kuiper satellite internet initiative, the bank said. The company moved its price target to $240 from $225, which implies 17% upside over Amazon’s price shortly after the opening bell 💃Wednesday.  

Meta 

澳洲幸运5官方开奖结果体彩网:Advertising tailwinds should help the Facebook, Instagram, and WhatsApp parent deliver revenue percentage growth in the low teens in 2025 and 2026, JPMorgan said. Artificial intelligence has also bolstered Meta’s family of apps, with Meta AI boas🍌ting roughly 1 billion monthly active users, analysts noted. The bank bumped its target for Meta to $735 from $675, suggesting 8% upside꧃.

Alphabet 

Google owner Alphabet (GOOGL) was also listed among JPMorgan’s top internet picks, although its price target remained unchanged at $195 (a 16% premium). Google has 澳洲幸运5官方开奖结果体彩网:executed well its rollout of AI search tools, including AI Overviews last year and the recent introduction of AI Mode for search, the bank said. JPMorgan also pointed to the growth of Waymo, Alphabet’s driverless taxi business. The company has partnered with Uber (UBER) and currently operates in San Franꦅcisco, Los Angeles, Phoenix, and Austin, wi𒀰th Atlanta and Miami next on deck. 

Spotify and Others

The music streaming giant is expected to see low-mid teens revenue growth driven by its premium subscriber base, JPMorgan said, raising its target to $730 from $670. Meanwhile, online sellers eBay and Etsy should each benefit from China tariff relief, while Duolingo 澳洲幸运5官方开奖结果体彩网:showed strength by beating expectations with recent quarterly results and guidance, the bank said.