Meta Named Favorite Internet Stock for 2023 in JPMorgan Survey
- The Facebook parent is coming off its worst year on record
- Amazon also named top performer, Netflix expected to be worst
Photographer: Jason Alden/Bloomberg
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Meta Platforms Inc. is expected to be the top-performing megacap internet stock this year, according to a JPMorgan survey of investors, suggesting a rebound for the Facebook parent after its worst year on record.
According to the survey, 41% of respondents named Meta as the company they expect will perform the best this year, followed by Amazon.com Inc. at 36%, though e-commerce is expected to be the best-performing subsector. Streaming-video company Netflix Inc. is expected to be the worst-performing megacap.