Top Internet Analyst Mark Mahaney Doesn’T See A ‘Sustained Sell-Off’ In Tech

RBC Capital Markets’ lead internet analyst, Mark Mahaney, said Friday he doesn’t see a “sustained sell-off” in the technology sector, at least for fundamental reasons.
“I don’t think we’ll have a sustained sell-off in tech.
“He spoke as tech stocks were down and the Nasdaq composite was heading heads for its first monthly loss since October, dropping more than 2 percent over the past month.
“I look at these stocks and I’ll look at them differently — off their all-time highs.
Tech has been the best-performing sector for most of 2017, rising more than 15 percent in the period.

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