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Goldman Sachs senior US internet sector equity research analyst Eric Sheridan believes the tech industry is in good hands with 2025 just on the horizon. His top pick for 2025 and large-cap stocks, in fact, is rideshare giant Uber Technologies (UBER). "When we looked at Uber we see a couple of things: Number one, an outsized risk reward. Our fair value is $96... with we believe not much downside. The stock also has gotten caught up in a lot of debates in the last few months... [including] the debate around Waymo and what will happen to autonomous vehicles over the next three, five, seven, ten years," Sheridan tells Catalyst hosts Seana Smith and Brian Sozzi. Sheridan also shares his favorable outlook on Magnificent Seven players Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META). “Amazon, among those three, probably has the most upside. We believe Amazon still has exposure to the widest collection of the secular themes you want exposure to in the digital economy,” Sheridan says. “Media consumption habits, shopping, cloud computing, AI — these are all themes you want a lot of exposure to." To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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2024/12/23
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