JPMorgan raised the firm’s price target on Amazon.com to $280 from $250 and keeps an Overweight rating on the shares. Despite continued strong share performance and select higher valuations, JPMorgan remains positive on the internet group into 2025, the analyst tells investors in a research note. The firm expects artificial intelligence to continue to dominate the investment narrative, but says the focus will shift more to agents and applications. JPMorgan expects AI-driven capex to increase as mega-caps move beyond some of the compute constraints of 2024, and increased 2025 capex for Meta (META), Alphabet (GOOGL), and Amazon (AMZN), all above consensus. The firm’s top picks for 2025 are Amazon, Meta, Alphabet, and Spotify (SPOT).
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Microsoft Leads AI Race with Massive Nvidia GPU Purchases in 2024
- Amazon.com named ‘2025 Best Idea’, price target raised to $265 at Bernstein
- Magnificent Seven Stocks Have Become the Safe Bet amid Market Uncertainty
- Pfizer provides FY25 outlook, McCormick in talks for Sauer Brands: Morning Buzz
- Nvidia (NVDA) Falls as Investors Grow Worried about AI-Spending Slowdown