On Thursday, July 16, Wedbush named Alphabet (GOOGL), Uber (UBER), Reddit (RDDT), and Xometry (XMTR) its top internet stock picks across market-cap categories, with analyst Ygal Arounian citing artificial intelligence as the "single most impactful swing factor" for the sector.
Alphabet received Wedbush's highest conviction mega-cap rating with a $445 price target, implying 20% upside from Wednesday's close of approximately $370. Uber, Reddit, and Xometry each carried price targets implying over 25% upside. Amazon (AMZN) and Instacart (CART) also earned 'Outperform' ratings, while Meta (META), DoorDash (DASH), and Pinterest received 'Neutral' ratings.