5 Tech Stocks Offering Growth And Value In 2024: JPMorgan's Top Picks
Portfolio Pulse from Surbhi Jain
JPMorgan's analysis highlights 5 tech stocks with growth and value for 2024: Amazon (AMZN), Alphabet (GOOGL/GOOG), Meta Platforms (META), Eventbrite (EB), and Bumble (BMBL). Amazon, Alphabet, and Meta are rated 'Overweight' with significant upside potential, while Eventbrite is 'Neutral' and Bumble 'Overweight' with the highest upside forecast.
March 04, 2024 | 8:19 pm
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NEUTRAL IMPACT
Eventbrite is rated 'Neutral' by JPMorgan, focusing on product innovation post-pandemic with a 25% upside.
Eventbrite's focus on product innovation and profitable growth post-pandemic positions it for potential upside, despite being rated 'Neutral'.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Amazon is highlighted for its e-commerce and cloud dominance, with a 27% upside potential according to JPMorgan.
Amazon's strong position in e-commerce and cloud services, along with its potential for margin expansion and FCF generation, make it a compelling pick for growth and value.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Bumble is 'Overweight' with the highest upside of 48%, driven by its women-first platform and global presence.
Bumble's strong positioning in the dating app market and its focus on women-first dating contribute to its significant upside potential.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Alphabet is favored for its robust fundamentals and innovation in digital economy and AI, with a 19% upside.
Alphabet's strong fundamentals and focus on innovation, especially in Search and YouTube ads, position it well for future growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms is recognized for its scale, growth, and profitability in AI and the Metaverse, with a 9% upside.
Meta's massive reach and engagement, along with its focus on AI and the Metaverse, make it an attractive investment for growth and value.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90