JPMorgan Cuts Its Price Targets on Many Internet Names, Including META and AMZN

JPMorgan slashed its price targets on 25 companies in the internet space, citing macroeconomic issues, Schwab Network recently reported.

Among the most prominent names whose price targets were slashed by the bank are Meta (META), Amazon (AMZN), Alphabet (GOOG), and Netflix (NFLX).

Pixabay/Public Domain

Some of the Highest-Profile Target Cuts 

The bank reduced its price target on Meta to $610 from $725 while it cut its price target on AMZN to $220 from $270.

JPMorgan lowered its price target on Alphabet to $180 from $220, while cutting its price target on NFLX to $1,025 from $1,150.

However, the bank kept Overweight ratings on all four names.

The Reasons for the Target Reductions

JPMorgan believes that there is now a 60% chance of a recession in the U.S. this year, and it expects real GDP to “decline substantially in the second half of 2025.”

None of the internet stocks covered by JPMorgan will be immune from negative macro trends this year, according to the bank. But it thinks that e-commerce, online travel, and digital-ad companies are “the most exposed” to the negative trends, while cloud, food, and streaming companies will be among the least vulnerable.

While we acknowledge the potential of META, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: The author owns shares of AMZN but has no intention of selling them in the next 48 hours. This article is originally published at Insider Monkey.