Top 3 Internet Tech Stocks With Over 50% Upside: JPMorgan Analyst
Portfolio Pulse from Surbhi Jain
JPMorgan's analyst team highlighted top internet tech stocks with significant upside potential. Large-cap picks include Amazon (AMZN), Meta Platforms (META), and Uber Technologies (UBER). Small and mid-cap picks with over 50% upside are Match Group (MTCH), Roku (ROKU), and EverQuote (EVER), each with a strong investment thesis based on market position, growth potential, and recovery in specific sectors.
March 04, 2024 | 5:41 pm
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POSITIVE IMPACT
Amazon is one of JPMorgan's top large-cap internet tech stock picks, indicating a positive outlook.
Being selected as a top pick by JPMorgan's analysts suggests a strong bullish outlook on Amazon's stock, potentially influencing investor sentiment and stock price positively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
EverQuote is rated 'Overweight' by JPMorgan with a $25 price target, indicating a 56% upside based on auto carrier recovery.
The 'Overweight' rating and significant upside potential for EverQuote are based on the broad-based auto carrier recovery, suggesting a bullish outlook that could positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms is highlighted by JPMorgan as a leading large-cap internet tech stock with growth potential.
Meta Platforms' inclusion as a top pick reflects a positive analyst outlook, likely to boost investor confidence and contribute to a short-term uptick in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Match Group is rated 'Overweight' by JPMorgan with a price target of $55, indicating a 53% upside based on its growth prospects.
The 'Overweight' rating and significant upside potential suggest a strong bullish outlook for Match Group, driven by expected growth in Tinder payers and product launches, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Roku is assigned an 'Overweight' rating by JPMorgan with a $100 price target, suggesting a 58% upside based on its advertising opportunity.
Roku's 'Overweight' rating and the anticipated closing gap between streaming's share of TV viewing and ad budgets indicate a bullish outlook, likely positively affecting its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Uber Technologies is among JPMorgan's top large-cap internet tech stock picks, suggesting optimism for its future performance.
Uber's selection by JPMorgan signals a bullish stance on the company's market position and growth prospects, likely influencing its stock price positively in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70