Ross Sandler, head of internet and digital media equity research at Deutsche Bank, was out pounding the table on internet giants Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOGL) Wednesday.

Amazon.com, Inc.

Sandler reiterated a Buy rating on shares of Amazon, with a price target of $800, which implies an upside of 36% from current levels.

Sandler observed, “AMZN sentiment feels the most euphoric of the mega cap internets after last year’s outperformance. Despite this, at 21x forward EBITDA, we’d note shares trade BELOW the 5- year company historic average (23x). We are expecting in-line revenue, modest upside to CSOI, and a 1Q guide-below – in contrast to the across-the-board upside over the previous 3 prints, which may create a lower entry point for shares near-term. We view AMZN as arguably the best long term story in large cap internet and it remains a top pick for us, but we also believe that the company could move from margin expansion mode back to investment mode in 2016.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ross Sandler has a yearly average return of 6% and a 55.7% success rate. Sandler has a 42% average return when recommending AMZN, and is ranked #349 out of 3609 analysts.

Out of the 30 analysts polled by TipRanks in the last 3 months, 25 rate Amazon stock a Buy, while 5 rate the stock a Hold. With a return potential of nearly 29%, the stock’s consensus target price stands at $754.52.

Facebook Inc

Sandler has an optimistic view on shares of Facebook, reiterating a Buy rating and a $125 price target, which represents a potential upside of 30% from where the stock is currently trading. According to TipRanks, Sandler has a 38% average return when recommending FB.

Sandler stated, “Following the rough start to 2016, Facebook’s valuation at 18x forward EBITDA is EXACTLY in – line with its historic average since the IPO, compelling given the strong fundamental backdrop. We think FB is in the stage that Google was in 2006-2008, whereby 1) the stock grinded higher generating solid returns, 2) earnings continued to grow, but the forward trading multiple wa s cut in half. Expectations appear low given the concerns around the opex guide and last quarter’s ad load comments, hence we would add to positions into the print. FB is a top pick among large cap internets, our pecking order is now GOOG, BABA, FB, AMZN, TWTR among Buy rated large caps.”

Out of the 34 analysts polled by TipRanks in the last 3 months, 33 rate Facebook stock a Buy, while 1 rates the stock a Hold. With a return potential of nearly 26%, the stock’s consensus target price stands at $125.33

Alphabet Inc

Finally, Sandler reiterated a Buy rating on shares of Alphabet, with a price target of $900, which represents a potential upside of 25% from where the stock is currently trading. According to TipRanks, Sandler has a 21% average return when recommending GOOGL.

Sandler noted, “Expectations are high into Google’s 4Q print, but we think the company will deliver. GOOG trades at 12.7x NTM EBITDA, 25% above its 5-year average, but in absolute terms still below the peer average. We think GOOG is 2/3rds of the way through its re-rating that started in early 2015, shifting into the phase where the financials need to show upside – and we want to add to positions into the print. We forecast in-line revenue, slight upside to EPS & positive readthrough from the core separation. GOOG remains our top large cap name.”

Out of the 33 analysts polled by TipRanks in the last 3 months, 32 rate Google stock a Buy, while 1 rates the stock a Hold. With a return potential of about 19%, the stock’s consensus target price stands at $860.83.