tech
December 24, 2025
Keep an eye on these ‘fallen angels’ in tech as the new year approaches, Goldman traders say
Goldman Sachs traders highlighted Roblox and DoorDash as once-loved stocks that could be worth watching in 2026.
TL;DR
- Goldman Sachs traders foresee continued gains for technology stocks in 2025, following a 22% rise in the Nasdaq 100 index in the current year.
- Peter Callahan of Goldman Sachs suggested that returns might be more weighted towards the first half of 2025, with potential unknowns in the second half.
- Callahan highlighted "fallen angel" stocks, including Roblox, Visa, Mastercard, and DoorDash, as potential investment opportunities.
- Roblox has seen a 40% increase this year, with Morgan Stanley maintaining an overweight rating due to positive early data on its age verification system.
- Visa and Mastercard, premier fintech companies, have underperformed despite solid operating results, according to Evercore ISI.
- DoorDash is a top pick for 2026 by Citi, with expectations of accelerated order growth across its core markets and newer verticals.
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