Goldman Sachs has highlighted several opportunities for investors to play an uncertain environment now that the fourth quarter earnings season is over. Companies' financial results generated a collection of mixed narratives for internet companies, mainly around the macroeconomic environment and the state of consumer spending, as well as how management teams balance long-term growth objectives against market volatility.
Here are some of Goldman's other tech picks: The firm has a $145 price target on Amazon, which implies upside of about 54% from Monday's closing price. Goldman said it sees a "multi-year operating income margin expansion story" for Amazon. That expansion would come on the back of improved e-commerce margins, fewer International losses and "higher profit margin mix contribution" from its cloud and advertising businesses.
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Source: CNBC - 🏆 12. / 72 Read more »