JPMorgan just shared its view on some significant tech stocks. JPMorgan analyst Doug Anmuth lowered the price target on Meta Platforms Inc. to $385 from $390 (16 percent upside to January 14 closing price) and reiterated an Overweight rating on the shares. The company’s revenue growth will decelerate in 2022 against tough compares, but Meta is making solid progress against Apple’s iOS changes, Anmuth notes. Further, the analyst sees Reels becoming a significant advertising surface. He also believes the company has likely passed 10 million active virtual reality units. The stock remains a top pick for Anmuth. JPMorgan analyst Doug Anmuth trimmed his Q1 and 2022 estimates for Amazon.com Inc. to reflect slower consumer spending against the backdrop of tough comps through most of the first half of 2022. While the Q4 holiday season “has generated mixed reviews,” Amazon.com executed well in a challenging operating environment, Anmuth notes. Though his estimates come down, the analyst …
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