“What we are focusing on with our clients now. With trade war tensions rising, Goldman Sachs is also recommending clients focus on stocks with mainly domestic (i.e. Note that Thill is one of the Top 10 analysts ranked by TipRanks (out of over 5,200), adding weight to the call.ĭG )" data-reactid="43">Dollar General Corp (DG) “We believe AWS would be worth as a standalone company.”Īs a result, the analyst reiterated his AMZN buy rating with a price target of $2,300 (31% upside potential). “AWS remains the dominant Cloud player, set to capture the majority of forward industry growth as the de facto infrastructure provider,” he wrote. According to Gartner forecasts, the cloud-computing market will more than double to $315 billion in 2023 from $135 billion last year. In particular he has high hopes for cloud services platform, Amazon Web Services (AWS). Most recently, Jefferies analystBrent Thillreleased a very bullish report on Amazon’s outlook. That would take the current share price from $1,765 to $2,286. What’s more analysts believe the stock can soar by 30% in the coming months. The company has scored no less than 30 back-to-back buy ratings in the last three months. (AMZN)Īnother large services stocks to bear in mind is Amazon. He wrote: “We maintain a bullish stance on MSFT as one of our top cloud ideas to own in 2019 based on a multiyear transformation of the model driven by commercial cloud revenue that could reach $100B in CY23 from a $44B run-rate today.”ĪMZN )" data-reactid="26">, Inc. After the company reported stellar Q2 earnings, revealing strong cloud momentum, the analyst reiterated his buy rating and $155 price target. Their average price target works out at $154 (15% upside potential).Ĭredit Suisse analystBrad Zelnickis very positive on MSFT. The world’s largest software company has scored 22 recent buy ratings from analysts vs just 1 hold rating and 1 sell rating. history.”Ī prime example of a ‘Strong Buy’ rated services stock is, of course, Microsoft. However, the relative valuation of Services vs. He continues “Stronger services inflation should also benefit those firms relative to Goods firms. “Services stocks have less exposure to trade conflict given they have lower foreign input costs that might be subject to tariffs and lower non-US sales than Goods firms,” explains Kostin. MSFT )" data-reactid="13"> Microsoft Corp (MSFT)įirst, Goldman Sachs instructs investors to prioritize service-providing stocks over good-producing companies. Let’s take a closer look at how this plays out now: That’s based on the last three months of ratings from the Street. Indeed, all five stocks covered below tick both boxes: 1) they meet the Goldman Sachs investing criteria, and 2) they show significant Street support with a ‘Strong Buy’ Street consensus. Here we take a closer look at three of these strategies- as well as some of the most compelling corresponding stock picks. Luckily the firm has revealed a number of investing strategies it’s recommending for these turbulent times. “However, US-China trade represents a significant source of uncertainty to our projection a downside scenario could see the S&P 5 at roughly 2620, or 8 percent below the current level.” “Our year-end S&P 500 price target of 3100 represents a 9 percent return from the current level,” wrote Goldman Sachs' chief US equity strategist David Kostin recently. US-China trade tensions are playing havoc with the market with right now. 原标题:Goldman Sachs: 5 ‘Strong Buy’ Stocks To Beat Market Volatility 来源:TipRanks
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