Tech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to 'sell' - News Summed Up

Tech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to 'sell'


New York (CNN Business) Tech stocks have been obliterated this year. Unfortunately for investors, analysts at Goldman Sachs see more pain ahead for some (but not all) tech heavyweights. Netflix NFLX eBay EBAY Goldman Sachs analysts downgraded shares ofand gaming/metaverse giant Roblox to rare "sell" ratings on Thursday. The Goldman Sachs analysts had previously rated these stocks with a lukewarm "neutral." Shares of Netflix and eBay both tumbled 5% Friday while Roblox fell 9%.


Source: CNN June 11, 2022 01:45 UTC



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