4 High-Return Stocks With High Potential According to Goldman Sachs By Investing.com

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Investing.com – In a time of market turmoil, Goldman Sachs (NYSE:) is recommending stocks it believes are well positioned to perform in broader and variable market circumstances.

Stock markets started October on a high note after a dismal September, where major indexes slid as investors grew concerned about a potential recession as the Federal Reserve continued to hike rates. interest in order to temper inflation.

4 high-yielding stocks with great potential according to Goldman Sachs

Adobe (NASDAQ:), a software company, is expected to grow its revenue two to three times its current level over the next few years thanks to subscriber growth and pricing adjustments that are expected to drive growth at double-digit turnover during this period. Goldman Sachs predicts a 96% rise by September 30.

The stock is expected to have a fair value of $413.95 on average according to the Investing Pro model, representing an upside potential of 39.8%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 382.38 dollars with a range between 310 and 540 dollars.

Altria Group (NYSE:), a tobacco company, has particularly strong free cash flow and net price realization, with no currency risk, which provides some stability in the face of a rising dollar. Goldman Sachs also sees expanding gross margins and is confident in the company’s ability to meet earnings-per-share targets with limited downside risk. The increase expected by the bank is 44%.

The stock is expected to have a fair value of $57.45 on average according to the Investing Pro model, representing an upside potential of 33.6%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 49.79 dollars with a range between 36 and 68 dollars.

Honeywell International (NASDAQ:), in the aerospace sector, is also attractive to Goldman Sachs because of a “strong execution history” that leaves it “well positioned given the longer-cycle nature of its portfolio.” The bank said the conglomerate has one of the best balance sheets of the companies it covers. Honeywell could generate future profits by using part of its $29.5 billion backlog to find new areas of growth, according to Goldman Sachs. The bank expects an upside potential of 30%.

The stock is expected to have a fair value of $206.53 on average according to the Investing Pro model, representing an upside potential of 15.7%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 205.42 dollars with a range between 183 and 232 dollars.

Visa (NYSE:), a payments company, is expected to post mid-single digit earnings per share growth for the foreseeable future as electronic payments become more ubiquitous and the company finds new areas for growth. Visa, along with its competitors, has facilitated billions of dollars in crypto platform-related transactions.

The stock is expected to have a fair value of $198.19 on average according to the Investing Pro model, representing an upside potential of 5.4%. The stock price is at the bottom of its 52-week range offering upside potential. Analysts expect an average price of 256.39 dollars with a range between 220 and 296 dollars.

Consult the Investing Pro models for more details on the stocks mentioned and their fair values ​​as well as other indicators.

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4 High-Return Stocks With High Potential According to Goldman Sachs By Investing.com


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