economy
The stocks Goldman gives more than 100% upside
Goldman Sachs gave two companies an upside of more than 100% in its latest 'European Conviction' stock picks list.
TL;DR
- Goldman Sachs identifies Ceres Power with a potential 168% upside and Rheinmetall with a 102% upside in its August European stock picks.
- Ceres Power's recent decline is viewed as an attractive entry point, with its scalable licensing model expected to benefit from data center growth.
- Rheinmetall is described as significantly undervalued, positioned to gain from Europe's rearmament efforts.
- BT Group and DSV are each given a 64% upside, with BT's fiber monetization and DSV's AI beneficiary status being key factors.
- ASML, a new addition to the list, has a projected 52% upside, with analysts noting its diversified revenue base beyond just AI.