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PhillipCapital recommends investors “overweight” portfolio to FAANGM companies

Lim Hui Jie
Lim Hui Jie1/12/2022 9:10 AM GMT+08  • 5 min read
PhillipCapital recommends investors “overweight” portfolio to FAANGM companies
Despite returning less than the S&P 500, PhillipCapital has recommended an ‘overweight’ rating for FAANGM companies.
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PhillipCapital analysts Timothy Ang and Jonathan Woo have given an “overweight” rating to FAANGM companies, made up of Facebook (now known as Meta), Apple, Amazon, Netflix, Google (now under parent company Alphabet), and Microsoft.

The brokerage has given “buy” ratings to all six companies, with Meta getting a target price of US$424, Apple a target price of US$187, and Amazon receiving a target price of $4152.

As for the other three companies’ target prices, Netflix was at US$724, Alphabet was put at US$3380, and Microsoft was handed a target price of US$405.

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