Goldman Sachs names tech stocks with a 'strong runway' for growth — giving one upside of nearly 70%

One corner of tech, software, might be seeing "limited appetite" from the market, according to Goldman Sachs. But the investment bank is optimistic. It listed several reasons for its bullish call: "a more constructive setup due to near record-low valuations … conservative management guidance that better aligns with investor expectations, and an inflection towards cost optimization and margin expansion." Goldman analysts forecast in a Jan.

" "This group ranks well across a number of high-value characteristics such as mission criticality, strong retention metrics, quick time to value, operational efficiency, and/or investor-friendly capital allocation," Goldman wrote. Goldman expects Microsoft and ServiceNow will be part of a broader trend in 2023: It foresees companies cutting costs in 2023, reversing their focus on growth. That, it said, bodes well for operating margins and earnings.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Goldman Sachs CEO got 30% pay cut -- but still made $25 million | CNN BusinessGoldman Sachs had a rough year in 2022, and CEO David Solomon was punished for that. Sort of. It's always a fun activity that the board, where the ceo is usually the chair, has to set the CEO's target just enough that he always makes some bonus payout even if the company misses targets and lays off thousands. Boo hoo...only $25mn pay. Tough, really tough year. 😒
Fuente: CNN - 🏆 4. / 95 Leer más »

$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business JournalAn $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.
Fuente: DallasBizNews - 🏆 525. / 51 Leer más »

$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business JournalAn $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.
Fuente: DallasBizNews - 🏆 525. / 51 Leer más »