It lost some value but most of the sinking was done before the downgrade - just like every other tech stock.
And, never forget: Goldman's downgrade of AMD when it was sitting at $12. AMD sank back to $8, and then it rocket rode to the moon. Goldman threw shade on AMD to buy it for cheap.
Never trust a fucking thing that comes out of Goldman Sachs or Deutsche Bank. Do your own research.
It's almost like the trading wants the research side to help them make a profit?
Almost 100% of the news that comes from these market makers are absolute trash. SeekingAlpha ran a "buy shopify" articles 24/7 in Jan-Mar and even in April, May while the stock price went from $1300 to around $300.
I always wonder why these garbage sites are not regulated for misleading investors then I realize that the fed is trying to mop up liquidity to rein in inflation.
Noone from trading takes the research side seriously and in any case, the research side is independent from trading and has their own view. Trading can't even read the research before it gets published let alone influence it.
If you're interested in investing of course you should do your own research and definitely not pay the slightest bit of attention to any kind of opinion coming out of anyone else. I always took the view that everyone publishing research is looking after their own interests and if I want any sort of edge I need to put in the work for myself.
If I read, "John Do from Goldman downgrades stock X", then I'd say, "okay, let's see if J is any good".
If I read, "Goldman says stock x is trash", then I'd judge the company as a whole.
Almost all these articles give the company much more weight than the analyst, which to me sounds like, while the Analyst may have done the research, the announcement is from the company.
So what's your point here exactly? It sounds like you've already figured out that media companies refer to 'Goldman' when they are quoting research analysts and that doesn't mean anything more than that.
And, never forget: Goldman's downgrade of AMD when it was sitting at $12. AMD sank back to $8, and then it rocket rode to the moon. Goldman threw shade on AMD to buy it for cheap.
Never trust a fucking thing that comes out of Goldman Sachs or Deutsche Bank. Do your own research.