Wolfe Research Picks Amazon, DoorDash, Meta, Chewy

Wolfe Research's internet sector report names Amazon, DoorDash, Meta Platforms, and Chewy as top 12‑month picks.
Amazon's AWS revenue projected to grow low‑to‑mid 30% in Q2, outpacing consensus 31%, driven by AI partnerships.
Meta's 2027 PE forecast of 17.7 versus Alphabet's 27.4 highlights valuation gap; catalysts include new model launch, Must Spark integration, Threads/WhatsApp monetization.
Wolfe sees DoorDash's pullback as overdone and expects fiscal 2027 EBITDA upside from revenue growth and unit‑economics gains in international, grocery, retail.