Goldman analysts are positioning clients for the new year with their 2025 outlook, highlighting ten industry themes for US internet companies. The report offers a theme-by-theme breakdown, guiding clients on which large-cap stocks to go long within their stock coverage universe.
A team of analysts led by Eric Sheridan and Ben Miller penned a lengthy note focusing on three main areas:
Identifying the largest secular growth opportunities across the sector (evolving digital advertising industry, blurred lines between advertising and commerce at scale, Cloud computing, local commerce)
Tackling key sub-sector debates (impact of autonomous vehicles on mobility networks, normalized online travel landscape, widening scope of interactive entertainment companies) &
Outlining important risk factors for the industry (continued regulatory, political & judicial scrutiny alongside potential disruption from AI).
