Meta, Amazon, DoorDash: Citi Spotlights Internet Sector Leaders for 2025

December 27, 2024

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The report underscores sustained momentum from 2024, driven by innovation and strategic investments.

Faizan Farooque

17 hours ago

Summary

Meta Platforms, Amazon, and DoorDash are highlighted as Citi’s leading stock recommendations in the Internet sector for 2025.

Rising performers ready to propel the Internet sector’s expansion into 2025 are Meta Platforms (META, Financials), Amazon (AMZN, Financials), and DoorDash (DASH, Financials), according to Citi experts. The study shows how these businesses are keeping competitive advantages by using innovation.

According to Citi, Meta’s long-term development plan revolves mostly on its developments in artificial intelligence—including MetaAI, Search, Llama, and other engagement technologies. Analysts underlined that these advancements help Meta to keep user involvement and take advantage of monetizing possibilities.

Higher profit margins are likely to be supported by Amazon’s operational emphasis on improving fundamental services and delivery logistics as well as by its development of generative AI solutions via Amazon Web Services. To meet changing customer needs, DoorDash is expanding its offers beyond food delivery to include grocery services and DashPass subscription program.

For these firms, Citi analysts changed their targets; Meta set at $753, Amazon at $275, and DoorDash at $211. These changes represent growing faith in the firms’ plans and paths of development.

Notable mid-cap players included in the study also were Reddit (RDDT, Financials) and Zillow (ZG, Financials). Supported by tools like ShReddit and Reddit Answers, Reddit’s user increase has created profitability improvements that have prompted Citi to lift its price objective to $200. RT Touring and Rentals among other innovations by Zillow have improved its market position and resulted in a goal rise of $95.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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