Goldman Sachs has named the tech stocks it expects to become more profitable over the next two years.
Goldman Sachs believes that the bulk of the margin expansion is yet to come as companies start to realize the full benefits of cost-cutting measures implemented in the first half of 2023.
The table below highlights Goldman's five stocks with the biggest upside that are expected to benefit from the above factors.
Monday.com Monday.com , a software company that aims to improve efficiency among teams, is also expected to improve its financial performance.
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.
Persons:
Goldman Sachs, Salesforce, Goldman, Gabriela Borges, Monday.com, Guidewire, Procore, — CNBC's Michael Bloom
Organizations:
Goldman