A new report by Mizuho analyst Neil Doshi takes a look at the investment opportunities that remain in Internet stocks now that the Internet has reached the ripe old age of 20.

“The pace of technology evolution over the past 20 years seems far more substantial than the prior 30 years and we believe that the next 10 years will be just as, or even more, critical for many Internet companies,” Doshi writes.

R.A.M.P.-Ing Up

Mizuho has a “tacky” acronym that it uses to describe the keys to the next decade for Internet stocks: R.A.M.P.

Revenue: New Internet revenue sources could be worth billions of dollars.

Audiences: Growing network and audience size will be critical.

Margin: Margin expansion and market share will be the two fundamental steps in the path to profitability.

Platform: Top companies will be able to successfully expand into new platforms.

Internet Top Picks

Mizuho lists…

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