As tech firms shift focus from growth to profitability, Goldman names 5 stocks to buy.
Goldman Sachs has named the tech stocks it expects to become more profitable over the next two years. The Wall Street bank said it has seen a shift in the mindset of company executives from prioritizing growth to profitability. According to Goldman's analysts, this includes efforts to cut jobs and reorganize sales and marketing departments.
com is well positioned to increase its focus on expansion within its existing base when the macro improves," the Goldman analysts said. Vertex Vertex , a tax software provider, is expected by Goldman Sachs to see a 4.2 percentage point expansion in its operating margins from 2022 to 2024. The investment bank believes that several changes the company has made to its operations will help margins in the near term and are yet to be fully reflected in consensus estimates.
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