Goldman says stocks like Nvidia have more room to run
Analysts at Goldman Sachs named several stocks that have defensive attributes that they say also offer plenty of upside.
TL;DR
- Goldman Sachs has named several stocks with defensive qualities and upside potential.
- BrightSpring Health Services is noted for its differentiated home health care services and positioning for growth in elder care.
- Samsara is described as a defensible growth asset in software with improving profit margins and a strong competitive moat.
- Ulta Beauty is expected to gain market share due to strong execution and a healthy cosmetics category, with Goldman recommending buying on dips.
- Nvidia's improved capital allocation is expected to boost investor confidence and sustain its growth profile.
- Johnson & Johnson's pharma franchise is considered a defensive bellwether, with potential for revenue growth augmentation.