A look at Goldman Sachs’ “firm buy” stocks for the year reveals some stocks with huge upside potential. The Wall Street bank’s list includes its top buy-rated stocks that are expected to outperform. Here are five of them: Attleboro, Mass.-based Sensata makes sensors for the auto industry and beyond. Investors should view auto suppliers as a way to capitalize on the electric vehicle trend, Goldman Sachs said in a note this week. “Many auto suppliers also have more defensive characteristics (such as solid margins and (free cash flow), as well as diversified Sata is listed as one such stock. The bank has a $60 price target on Sensata, or about 43% potential upside from current levels. ASML Goldman included Dutch semiconductor company ASML in its ” Long-term high-quality compounds” screening list. “Slower economic growth and recent heightened market volatility support stable, high-quality companies,” the bank said in a report. Goldman analyst Alex Duval said he has a positive view on ASML’s long-term growth trajectory because it has a “monopoly” in extreme ultraviolet lithography — ASML’s massive production of extremely short-wavelength light for use in microchips. Print small, complex designs. Demand for ASML continues to greatly outstrip supply, and new orders will be “robust,” Duval said. Goldman Sachs has a target price of 785 euros ($846) for ASML, an increase of nearly 23%. Alibaba Goldman Sachs in a recent Chinese tech giant Alibaba remains its top pick in China’s internet and e-commerce sectors, according to a report. According to the bank, its share price performance in 2023 will be underpinned by: Advertising and commissions from June onwards will return to positive high-single-digit growth, including a recovery in its apparel and cosmetics businesses; growth drivers in international businesses such as Alibaba Cloud, its cloud services unit, and its e-commerce unit Lazada; a “valuation fix” brought about by its “integrated” business model. ’ story. Goldman Sachs gave Alibaba’s U.S.-listed stock a 12-month price target of $136, or a potential upside of 58%. Vonovia European real estate firm Vonovia screened two Goldman Sachs screens in a report earlier this year : High dividend yield and value buy with earnings upside potential. Goldman Sachs says Vonovia is among “buy rated stocks with attractive buy valuations relative to its own history and the market.” The bank’s analysts said the stock Key catalysts include the completion of a sale, which should allow deleveraging, and the expected strength of the leasing market going forward. Goldman Sachs has a target price of 37.30 euros ($40.20), or nearly 115% potential upside for the stock. — CNBC Michael Bloom contributed to this report.
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