Goldman Sachs Lists 10 Top Tech and Internet Stocks for 2023 – 24/7 Wall St.


More than once the technology and internet world has collapsed and burst into flames, often for very different reasons. The massive dot-com explosion of 2000 and 2001 was the net result of literally hundreds of companies trading at absurd multiples (if they even had multiples) based on the premise of how many eyeballs they caught and the graveyard of the Wall Street remains littered with many of them.

On March 10, 2000, the Nasdaq hit an all-time high of 5,048. A month later, it had lost 34% of its value. By October 2002 it had lost 78% of its value. It would only reach its previous all-time high again in 2015. Companies like, Webvan, GeoCities,, Ask Jeeves, Alta Vista, Dr. and so many more crashed and burned, taking investors with them.

The tech implosion of 2022 is very different, as some of the biggest losers this year have been some of the biggest winners over the past 10 years. Many continue to print massive profits. A new report from Goldman Sachs highlights 11 top stocks that align with the company’s 10 technology trends for 2023. All are rated Buy and are top ideas for the coming year. It is important to remember that no single analyst report should be used as the sole basis for making buy or sell decisions.


The Google parent and search giant remains a very compelling idea, especially at current trading levels. Alphabet Inc. (NASDAQ: GOOG) offers various products and platforms in North America, Europe, the Middle East, Latin America and elsewhere.

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The Google Services segment provides products and services including Ads, Android, Chrome, Hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube. It is also involved in selling apps and in-app purchases and digital content on the Google Play Store, Fitbit wearable devices, Google Nest home products, Pixel phones and other devices, and providing YouTube ad-free services.

The Google Cloud segment offers infrastructure, platform and other services; Google Workspace with cloud-based business collaboration tools like Gmail, Docs, Drive, Calendar and Meet; and other services for corporate customers. The Other Betting segment sells healthcare technology and internet services.

Goldman Sachs’ price target for Alphabet stock is $135 versus a consensus target of $132.15. Thursday’s close of $91.20 was down over 4% on the day.

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This company is quite possibly the best value for investors after taking a hard hit this year. Inc. (NASDAQ: AMZN) is a global consumer products and subscription retail business. It sells goods and content purchased for resale from third parties through physical and online stores.

The company also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TVs, Rings and Echo and other devices. It offers Kindle Direct Publishing, an online service that enables independent authors and publishers to make their books available in the Kindle Store, and develops and produces media content.

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