According to Zhitong Finance, Citigroup has listed it as a "preferred" in its Internet Plus-Related Industry, as these companies will be in a multi-year product cycle by 2025.$Meta Platforms (META.US)$、$Amazon (AMZN.US)$and$DoorDash (DASH.US)$Citigroup raised the Target Price of Meta from $705 to $753, raised Amazon's Target Price from $252 to $275, and set DoorDash's Target Price at $211.

Ronald Josey, leading the Citigroup Analyst team, stated in a detailed report: "In many ways, growth momentum across most Internet Plus-Related sub-industries should continue into 2025, which is a good sign for our broader rating. However, to achieve sustained excellent performance, we seek product-led growth, and we believe Meta's product cycle is one of the most profound, including MetaAI, Search, Llama, Agents, and the participation and profit opportunities of AI."

Citigroup also emphasized that Amazon's investments in essentials, delivery speed, and generative AI products from Amazon Web Services (AWS) should lead to higher profit margins. At the same time, as emerging verticals like grocery delivery and DashPass rise, the demand for DoorDash's meal delivery remains resilient.

For small and medium-sized stocks in this sector, Citigroup also considers$Reddit (RDDT.US)$and$Zillow-A (ZG.US)$as a preferred choice.

Citigroup raised the Target Price for Reddit from $120 to $200. Due to the launch of products like Shreddit and Reddit Answers, the average daily user count of this social media site has increased. New advertising automation and updated ad formats have also improved profitability.

Citigroup also raised the Target Price for Zillow from $77 to $95. Zillow's new products, such as RT Touring, Rentals, and Follow-Up Boss, are helping to increase market share.

Editor/ping