Goldman's technology team names a clear top pick for the rest of 2023

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.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs says Apple can rally more than 30% thanks to its services businessAnalyst Michael Ng initiated coverage of the big technology stock with a buy rating and a price target of $199, implying upside of nearly 32%. Pump and dump That means they’re selling… Let me know how many shares of Apple $GS bought in recent weeks. After all, if it's going up 30%, surely Goldman has backed up the truck.
Source: CNBC - 🏆 12. / 72 Read more »