Goldman Sachs cuts average US tech target prices by up to 17%

Sina Science and technology news Beijing time August 15 morning, because of the slowdown in macroeconomic growth, Goldman Sachs analyst Haize Bairini (Heather Bellini) in Friday, the majority of her research company's target share prices have been lowered. "As markets and our economists expect global growth to slow, equity valuations will also be downgraded accordingly," Bairini wrote in the study. We studied the various plates and assessed the extent to which they were affected by the economic slowdown. We have lowered both the expected and the target share prices of all the stocks we have studied (including buying "rating" stocks), because we expect a poor underlying growth trend, albeit less than 2008. We cut our target prices by 17% on average. "Rini also said she would reduce the current fiscal year and the next fiscal year, the average performance forecast by 2% and 5%. "After the financial crisis caused cyclical disruptions in the stock market, the stocks we studied were basically back to normal cycles," he said. But we believe that the current economic worries are likely to bring more disruption to the cycle.　　"she said.　　Bairini did not adjust any of the stock ratings, the following is the details of her target price adjustment: Adobe: down from 32 US dollars to 24 dollars.　　Autodesk: down from 44 dollars to 31 dollars.　　Citrix: Cut from 78 to 67 dollars.　　Google: down from 675 dollars to 650 dollars.　　Microsoft: down from 31 dollars to 29 dollars.　　Oracle: down from 40 dollars to 33 dollars.　　Red Hat: Cut from 51 dollars to 43 dollars.　　Salesforce.com: down from 185 dollars to 160 dollars. VMware: down from 140 US dollars to 115 dollars. (PEI)