JPMorgan analyst Doug Anmuth remains positive overall on the internet sector heading into the Q1 earnings reports. The analyst believes investor sentiment is generally constructive, with pockets of higher valuations and elevated expectations. Amazon.com (AMZN) remains the firm’s best idea for 2024, followed by Meta Platforms (META) and Uber (UBER).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Bank of America Bullish on Amazon Stock Following CEO Shareholder Letter
- Box Office Battle: âCivil Warâ wins weekend with $25.7M debut
- Netflix stock deserves place in Magnificent Seven, Barron’s says
- Bethesda’s ‘Fallout 76’ seeing highest engagement on Xbox since October 2022
- Needham technology analysts hold an analyst/industry conference call