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Goldman Sachs recently added a number of stocks to its list of top stocks, giving many of them significant upside potential. The list, called “Conviction List – Director’s Cut,” includes the United States, Europe, and Asia Pacific. These lists are an “active selection” of the top 15 to 30 stocks rated buy by the bank in each region. The names are selected by a subcommittee designated by each regional bank’s investment review committee. “The subcommittee will work with analysts in each sector to identify top ideas that combine conviction, differentiated views, and high risk-adjusted returns,” Goldman said. Here are five stocks that are up more than 50%. Shows all price targets for the 12 months starting December 2023. WW International His WW International, a US-based weight loss services company known as Weight Watchers, aims to capitalize on the increased demand for antiviruses. Goldman pointed to obesity drugs. “While Weight Watchers’ subscriber base and earning power are shrinking, the company has once again embarked on an aggressive strategy to turn things around,” the bank said. ”[Goldman] We believe that WW’s new bariatric drug introduction solution has the potential to be the catalyst for a turnaround, especially when combined with WeightWatchers’ trusted brand recognition and deep existing and former customer base. ” Goldman noted that 42% of the U.S. population is obese, and the bank believes that insurance approvals for weight loss drugs are likely to continue to grow and that capturing just 3% of this market could lead to WW Goldman has a $18 price target on the stock, suggesting 105% upside potential. Goldman said U.S. solar panel manufacturers are “ideally positioned” to benefit from preferential treatment in the U.S. Anti-Inflation Act, adding that they are “also a major supplier of utility-scale solar power plants.” FSLR’s track record should give investors confidence that it can deliver now.” Goldman believes First Solar’s core gross margins are trending upwards due to factors such as pricing power and cost reductions, among other factors. The bank has a price target of $275, or potential, for the company’s stock. 59% increase. Burberry He believes the brand’s trajectory is becoming more positive, confirming Goldman’s predictions of Burberry’s market share expansion. Compared to its peers in the luxury sector, Goldman estimated Burberry’s estimated price-to-earnings ratio of 14 times this year, compared with the group’s 19 times. The bank gave Burberry a price target of 2,500p, or a potential upside of 75%. UK stocks are traded in pence. Among other European stocks, Goldman singled out sportswear brand Puma, with a price target of 85 euros ($93), or about 68% upside. Kuaishou Technology Hong Kong-listed Kuaishou Technology is China’s second-largest short video provider, and Goldman predicts that its revenue will increase 16% year-on-year in both 2024 and 2025. The bank added that the company’s valuation remains “undemanding.” He evaluates the expected revenue growth over two years. The price target for the stock was set at HK$88 ($11.26), suggesting an upside of 70%. —CNBC’s Michael Bloom contributed to this report.
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