Goldman Sachs lowered price targets for IT stocks by 3% to 32% due to reduced US revenue growth forecasts. LTIMindtree was downgraded to ‘Neutral’, while Tata Consultancy Services remains better positioned. Wipro and Tech Mahindra may face more significant challenges. Discretionary spending recovery could be further delayed, potentially affecting project scopes and IT spending.
Tesla’s $584 billion wipeout: 4 forces behind the EV giant’s accelerating 45% stock car
Tesla’s lead in EV infrastructure is at risk. In March, Chinese competitor BYD launched a next-gen fast-charging station that provides 400 kilometers (around 250 miles)
April 9, 2025