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Here are JPMorgan's top internet stock picks for the second half

Reed Hastings, chief executive officer of Netflix, speaks during a news conference in Tokyo on Monday, June 27, 2016.
Akio Kon | Bloomberg | Getty Images

JPMorgan's research team shared its top internet stock picks for the second half of the year, as workers returned from the Labor Day holiday and students returned to campuses.

"In this report we provide answers to top Internet questions from now to year-end and also highlight our top picks," JPMorgan analyst Doug Anmuth wrote in a note Tuesday.

"The Internet group continues to benefit from what we believe are accelerating trends in digital advertising, eCommerce, and cord cutting, while scale benefits and network effects also remain key drivers for the large-caps."

Here are three companies that JPMorgan recommended and their price targets.