Tech stocks have already had a strong year, but one corner of the sector has more "appealing" opportunities in store for investors, according to Goldman Sachs. Software stocks that Goldman covers have already soared 37% in the year to date, said the bank in a July 21 note. But the investment bank expects they'll go even further.
Six software stocks Goldman said these stocks still offer strong investment opportunities: Adobe , Salesforce , Monday.com , Microsoft , ServiceNow , Workday . "With Gen-AI presenting a strong top-line tailwind, we also see many of these names re-rating higher given below-average EV/FCF multiples," Goldman said, referring to the ratio between enterprise value and free cash flow. Here's their average upside to price targets given by analysts covering them, according to FactSet.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
Källa: Reuters - 🏆 2. / 97 Läs mer »