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Internet and media stocks remain well positioned for long-term growth, according to BNP Paribas analyst Nick Jones, who highlighted strong fundamentals across major players while acknowledging evolving risks tied to AI and autonomous vehicles.
Jones said Alphabet’s ongoing AI investments may weigh on margins in the near term, but should strengthen its competitive position across Search, YouTube, and Cloud.
He characterized Alphabet as a long-term AI winner with strong monetization potential and expects valuation upside, using a 30x multiple on 2027 earnings to support a $390 price forecast.
Price action: Alphabet shares were up 0.80% at $338.71 at the time of publication on Friday, according to Benzinga Pro data.
Jones pointed to faster delivery and logistics investments in retail, strong positioning in cloud through AWS, and growing strength in advertising.
He valued the stock at $320 using a combined valuation approach based on earnings and operating performance.
Price action: Amazon.com shares were up 1.50% at $253.45 at the time of publication on Friday.
Jones expects continued margin improvement and market share gains to support the stock.
He assigned a $275 price forecast based on a premium valuation reflecting consistent performance.
Price action: DoorDash shares were up 2.87% at $184.47 at the time of publication on Friday.
Jones highlighted growth in Uber’s mobility and delivery segments, along with increasing adoption of its membership program.
He also expects steady margin expansion and strong cash flow, valuing the stock at $108 based on its projected earnings multiple.
Price action: Uber Technologies shares were up 1.11% at $77.33 at the time of publication on Friday.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
