Goldman Sachs highlights several opportunities for investors to play an uncertain environment now that the fourth quarter earnings season is over.
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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