Goldman Sachs has one of the most well-known names in the investment banking world. After all, this firm only caters to wealthy individuals and to institutional investors. That means that it is telling the “big money” clients how to invest.
Oggonomics has tracked 7 recent additions to the Goldman Sachs Conviction Buy List over the past 60 days. This is not a final list by any means, and it is always subject to change. The firm has shown these stocks in a very favorable light heading into 2025.
While Goldman Sachs is a well-known investment firm, Oggonomics always reminds its readers and investors that no single analyst report should ever be the sole basis to buy or sell a stock. The price targets and opinions shown in this report are from Goldman Sachs and are subject to change. It is very possible, depending on performance and fundamentals, that the top stocks for 2025 will see even more changes as the year ends and also as 2025 begins.
Any decision to buy or sell (or hold or short sell) is up to each investor individually. That decision should also be made with a financial advisor. There are of course no assurances that any of the price predictions and the scenarios that back the calls up will actually come to fruition.
Air Lease Corp. (NYSE: AL) was added to the U.S. Conviction List on December 2 in a monthly update. The Buy rating on Air Lease is with a $65 price target and Goldman Sachs sees it posting sustained earnings growth. The firm is taking on deliveries of new narrow-body jets that are to be leased to customers at an attractive spread for capacity that is needed immediately. Its shares were most recently seen trading at $50.
Burlington Stores Inc. (NYSE: BURL) was added to the U.S. Conviction List on December 2 in a monthly update. The firm sees Burlington’s value and off-price offerings ideally positioned for the current economy. It also sees Burlington winning from a sequentially stronger low-income consumer and also from higher-end consumers trading down or buying value. Goldman Sachs had raised its target to $310 from $278 at the end of August
Its shares were last seen trading at $290.
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Evercore Inc. (NYSE: EVR) was added to the U.S. Conviction List in November as part of its monthly update. The problem is that this was a $260 or so stock at the time, and now it is closer to $290. Goldman has a Buy rating on the shares with a $309 price target. It expects Evercore’s investment in “best-in class” senior bankers and other areas should drive higher market share and robust revenue growth at this independent investment banking firm. This stock has nearly tripled in the last two years.
Fresenius Medical Care AG (NYSE: FMS) was added to Goldman Sachs’ European Conviction List on December 2 as part of its monthly update, but the reality is that Goldman Sachs has been positive on its shares for some time. The firm believes treatment volume growth is inflecting at Fresenius Medical and the renal care provider of dialysis has extensive U.S. operations along with operations in Europe, Asia and South America.
Meritage Homes Corporation (NYSE: MTH) was added to the Conviction Buy List in November as a winner in affordable and move-in ready and entry-level homes in key U.S. markets like California, Florida, Texas, Colorado and elsewhere. Goldman Sachs sees it as well-positioned for above-average growth with a more compelling alternative to existing units available elsewhere. The price target was raised to $235 from $205 on the addition, and that is after multiple price target hikes at the same firm. Meritage was most recently seen trading closer to $180.
Pinterest, Inc. (NYSE: PINS) was added to the U.S. Conviction List in October, but that was before any of the election and it was also before the boycott of TikTok was upheld. When Goldman Sachs kept a $46 target at the time, its stock has closed at $32.37 at the time. The firm was calling for it to continue with compounded sales growth in the mid-to-high teens percentage rate and to keep seeing adjusted EBITDA margin expansion continue for the next five years. The stock has been range-bound since that call and other analysts have been cautious to less-positive since then.
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Suncor Energy Inc. (NYSE: SU) may seem odd as a Canadian oil sands operator with ambitions of being Canada’s leader in energy. It is also committed to capital returns with dividends and buybacks with simultaneous debt reduction. Goldman Sachs is targeting over 20% upside to its $45 price target, and there is a 4.2% dividend yield to consider.
