Which Company Made It To JPMorgan's Top Internet Picks For 2021? - Netflix (NASDAQ:NFLX), Peloton Interactive (NASDAQ:PTON)

JPMorgan analyst Doug Anmuth has added Netflix Inc NFLX and Uber Technologies UBER as top U.S. Internet picks, joining Amazon.com Inc AMZN, Facebook Inc FB, Peloton Interactive Inc PTON, Twitter Inc TWTR. All the stocks have an Overweight rating.
Anmuth removed Alphabet Inc GOOG GOOGL and Lyft Inc LYFT from the list. He also maintains Overweight ratings on Google and Lyft.
HSBC analyst Nicolas Cote-Colisson raised the price target on Facebook to $300 from $275, implying a 20.5% downside, and reiterated a Reduce.
Global regulatory scrutiny against the company is "not fading," Cote-Colisson notes. However, the digital advertising market "remains buoyant and Facebook, the go-to place for advertisers."
Cote-Colisson increased the stock's price target to reflect time delays in litigation risk.
Price Action: FB shares traded higher by 0.50% at $379.89 premarket on the last check Friday.