Goldman Sachs added three stocks to its July Conviction List, with two carrying price targets implying 63% and 22% upside from current levels.
Analyst Bonnie Herzog sees Estee Lauder (EL) hitting $100 on an innovation-driven revenue inflection and 450 basis points of margin expansion over three years.
Nextpower (NXT) is evolving from a pure solar tracker into a power technology platform, with Goldman Sachs projecting a 10% EPS CAGR through 2029.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Wells Fargo didn't make the cut. Grab the names FREE today.
Goldman Sachs (NYSE:GS) is the acknowledged leader in the investment landscape on Wall Street and worldwide. The firm's top-notch research department continues to provide institutional and high-net-worth clients with the best ideas across the investment spectrum and is likely to do so for years to come. Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 36th on the Fortune 500 list of the largest U.S. corporations by total revenue.
The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. In addition, it provides advice, investing, and execution for institutions and individuals across public and private markets. At 24/7 Wall St., we have followed the company's research for 15 years to bring our readers top stock ideas. One of our favorite avenues is the firm's Conviction List of top picks, which is reviewed and often updated monthly. This month, the firm added two stocks that investors are very familiar with, and a third with massive upside potential.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Wells Fargo didn't make the cut. Grab the names FREE today.
The Goldman Sachs Conviction List is a curated list of stocks that the firm's research team believes are highly likely to outperform the market. It is a tool for investors to identify stocks with strong growth potential and is frequently updated to reflect changes in market conditions and company performance. The list aims to identify stocks where Goldman Sachs analysts have the "highest level of conviction" in their outperformance.
The fragrance and makeup giant has been added to the list and also offers a 1.69% dividend. Estee Lauder (NYSE:EL) is a manufacturer, marketer, and seller of skin care, makeup, fragrance, and hair care products.
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