Deutsche Bank Still Finds Big Tech Attractive - Read Why - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN)

Deutsche Bank initiated coverage of the Big Techs, justifying his optimism behind the stocks.
Analyst Lee Horowitz initiated Amazon.com Inc AMZN with a Buy and $4,100 price target (39.6% upside).
He believed that the market was under-appreciating upside associated with retail revenue, multi-channel grocery share gains, and the Amazon Web Services revenue implication of the backlog additions that the company had added in 2020 and 2021.
Analyst Benjamin Black initiated Meta Platforms Inc FB with a Buy and $265 price target (35.8% upside).
He argued the issues around ESG and the fallout of IDFA as transitory and manageable and more than discounted at current levels.
Black initiated Alphabet Inc GOOG GOOGL with a Buy and $3,150 price target (18.7% upside).
Google is a structural winner from the secular trend of commerce and services shifting from offline, physical venues to digital storefronts and "clearly stands to benefit" from e-commerce becoming an ever-increasing channel within global retail.
Price Action: AMZN shares traded higher by 0.43% at $2,948 in the market on the last check Friday.

Deutsche Bank Still Finds Big Tech Attractive - Read Why