Cathie Wood's company, known for its innovative approaches to investment management, has lowered its forecasts for many of its largest positions in the ARK Invest portfolio. This decision was prompted by a weakened outlook for the growth of technology companies in the market. One such position is Tesla, where Cathie Wood expects the company to reach a share price of $3,000 by 2025. This forecast is significantly lower than its previous estimate of $4,000. The former leader in the cryptocurrency sector, Coinbase, has also encountered a decrease in valuation from Cathie Wood's perspective. ARK Invest believes that the stock price of the company will drop to $300 per share by 2025. At the same time, while these new forecasts may raise concerns among investors, Cathie Wood remains optimistically focused on the growth potential of technology companies overall.
