Goldman's top technology analyst is laying out his best internet picks as the first-quarter earnings season wraps up.
He added that Alphabet should benefit from signs of strong advertising demand as it recovers from overblown concerns regarding long-term search.
Sheridan also expects Meta Platforms to benefit from similar ad trends and its AI potential.
Beyond the megacap names, Sheridan highlighted Expedia as a stock that should benefit from the normalization of online travel toward pre-Covid levels.
EXPE YTD mountain Shares this year Instacart is another internet stock poised to benefit in this changing consumer landscape, including consolidation toward fewer online services and platforms, according to Sheridan.
Persons:
Eric Sheridan, Sheridan
Organizations:
Amazon, Web Service, Sheridan, CART, UBER