“Info tech … will likely face continued shareholder pressure, especially those with low profitability,” Goldman Sachs said in a report last month.
May 25, 2023 at 01:05 PM
3 minute read
The original version of this story was published on Corporate Counsel
Tech stocks have surged in 2023, a rebound that has helped insulate most companies in the industry from the sorts of activist investor attacks that garnered headlines at companies like Alphabet, Meta and Salesforce late last year.
But analysts say activists continue to lurk and will be ready to pounce in moments of weakness.
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