Goldman Sachs Out With 10 Top Tech and Internet Stock Picks for 2023

The company’s global portfolio of brands includes Tinder, Match, Hinge, Meetic, OkCupid, Pairs, PlentyOfFish, OurTime, Azar, Hakuna Live and more, each built to increase the users’ likelihood of connecting with others. Through Match Groups trusted brands, the company provides tailored services to meet the varying preferences of their users. The services are available in over 40 languages to our users all over the world.

Goldman Sachs has a $70 target price, and the consensus target is $63.90. Match stock dropped almost 6% on Thursday to close at $41.95.

Meta Platforms

The Facebook parent has been crushed but still remains a social media destination for millions daily. Meta Platforms Inc. (NASDAQ: META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables and in-home devices worldwide.

Its Family of Apps segment’s products include Facebook, which enables people to share, discover and connect with interests; Instagram, a community for sharing photos, videos and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups and businesses across platforms and devices through chat, audio and video calls and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

The Reality Labs segment provides augmented and virtual reality related products, comprising virtual reality hardware, software and content that help people feel connected, anytime and anywhere. The company was formerly known as Facebook and changed its name in October 2021.

The Meta Platforms stock price target at Goldman Sachs is set at $165. The $153.53 consensus target is closer to Thursday’s closing price of $116.15, a drop of almost 5% on the day.

Pinterest

This is one of the lesser known names that also has huge potential. Pinterest Inc. (NYSE: PINS) operates as a visual discovery engine in the United States and internationally.

The company’s engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others, and it provides video, product and idea pins. It shows visual machine-learning recommendations based on pinners’ tastes and interests.

Recently, the company got a boost when a Wall Street competitor upgraded the stock after the company reported that the advertising outlook going forward into the new year was very positive. The stock exploded during the pandemic but has come back to earth and is offering a timely entry point.

The Goldman Sachs target price is $31. Pinterest stock has a consensus target of $27.72. The $25.16 close on Thursday was down over 4% for the day.

Take-Two Interactive

Video gaming remains huge, and this is one of the best ideas around. Take-Two Interactive Software Inc. (NASDAQ: TTWO) develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division and T2 Mobile Games banners.

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