JPMorgan analysts have increased their price targets for various internet companies, indicating that concerns over the Trump administration's tariff policies have lessened. Notable increases were noted for firms such as Amazon and Meta, while smaller companies like Spotify and eBay also benefited. The positive outlook includes expectations for Amazon's cloud growth to rebound and Meta's revenue growth supported by successful advertising strategies and AI advancements. Additionally, Alphabet is recognized for its effective AI search tools and the growth of its driverless taxi service, Waymo, contributing to a strong performance among selected internet stocks.
JPMorgan analysts increased price targets on various internet stocks, signaling reduced concerns about tariff policies under the Trump administration, boosting confidence in these companies.
Amazon Web Services is predicted to accelerate growth in the latter half of the year, complemented by several other potential growth drivers like advertising and logistics.
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