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Goldman Sachs: Despite market uncertainty, these 3 stocks gained more than 40%

Goldman Sachs: Despite market uncertainty, these 3 stocks gained more than 40%

Clouds are clouding the global economic horizon. In a clear sign that the good times of easy money are well and truly over, last week the three major central banks – the US Federal Reserve, the Bank of England and the Swiss National Bank – all enacted interest rates hikes. For the Federal Reserve, it was a hike of 0.75%, the biggest bump since 1994, in reaction to news that the year-over-year inflation rate had reached a 40+ year high of 8.6%.

So, how can investors get out of this hostile environment?

There is a simple answer, turn to the experts. Major investment banks employ a cadre of experienced, professional stock analysts, who scour the markets looking for larger patterns, and also individual stocks that will stand out.

Wall Street giant Goldman Sachs has done the same to its analyst core. They are pointing to stocks that stand to show substantial gains going forward, even as the general market forecast falters. we have used TipRank’s Database To sort out some of Goldman’s picks, and 3 found that the firm believes the coming year will bring more than 40% returns. Here are the details with Goldman commentary.

Global-e Online (GLBE,

Goldman’s first choice that we’ll look at is Global-e Online, an international e-commerce tech firm. Global-e operates an online platform that facilitates direct-to-consumer online commerce in cross-border markets. The platform allows merchants to smooth the tax and customs gap between sellers and buyers, and lets retailers streamline the online purchases of their international customers in more than 200 local markets, which are available in languages, currencies, shipping and adapts to differences in regulatory authorities. The company works with enterprise clients in the US, European and Asian markets.

Global-e made good use of last year’s bull market. In May 2021, Global-e raised $431 million in its IPO. The stock closed its first day of trading at $25.50 and has seen volatile trading since then, peaking at $81 in September and falling 70% this year alone.

On financial performance, Global-E experienced approximately 1Q22. The company’s EPS, at a loss of 35 percent per share, was 4 times higher than its loss of 8 cents a year ago. Top line revenue was better, coming in at $76.3 million, up 65% year-over-year. The company’s Gross Merchandise Value (GMV), a measure of what Global-E collects from merchants and buyers on each transaction, grew an impressive 71% y/y in Q1 to reach $455 million.

Therefore, where earnings are down, trading is up. goldman analyst will nance Noting this in its review of the stock, it writes: “While the macro environment remains highly uncertain, the Company believes its low double-digit EBITDA margins, positive free cash flow, efficient customer acquisition model and Strong secular tailwinds are likely. Continued growth in business and support for investments, even as we see a slowdown in broader spending trends in 2H22.”

“In addition, the company notes that its ongoing geographic expansion and diversification, its exclusive strategic partnership with Shopify, and the continued merchant demand the company sees should drive continued strong growth in the years to come,” Nance said.

To this end, Nance believes Global-E’s potential justifies a buy rating, and its $28 price target suggests a one-year growth of 43%. (To see Nance’s track record, click here,

Goldman’s view of this e-commerce company is no different. The GLBE’s 9 recent analyst reviews are all unanimous, as are Buys, for a strong buy consensus rating. Shares are selling for $19.57 and their $29.89 average price target is even faster than Goldman Sachs allowed – an increase of ~53% over the next 12 months. ,View GLBE Stock Forecast on TipRanks,

Innoviz Technologies ,INVZ,

Next, Innoviz produces the LiDAR system, an advanced sensor system used in GPS and aerial cartography, topography and surveying, but also has applications in navigation and autonomous vehicles. LiDAR systems use advanced laser technology (an abbreviation for ‘Light Detection and Ranging’) to act as the eyes of self-driving cars, and along with high-end AI computing, are part of the essential technology that enables autonomous driving. Will make a vehicle. a reality.

Innoviz currently has two LiDAR hardware systems available, the first generation InnovizOne and the second generation InnovizTwo. These products have been tested and used in many driving applications and situations, including robotics, pavement deliver tech, industrial drones and consumer vehicles – as well as heavy trucks, industrial equipment and commercial drones. Both systems are compatible with level 3-5 autonomous vehicles. Innoviz’s LiDAR system can be complemented by the company’s Perception software package.

The company’s next flagship product, the ‘next generation’ Innoviz360, is under final development for both automotive and non-automotive applications. It is scheduled for marketing in the fourth quarter of this year.

In May of this year, Innoviz made a big announcement – that it has entered into an agreement with one of the largest global automotive groups to manufacture LiDAR systems. The agreement increased Innoviz’s forward-looking order book from approximately $4 billion to more than $6.5 billion. The name of the automotive partner was not disclosed, although Innoviz is currently working with BMW on the mass production of LiDAR for Level 3-5 autonomous vehicles, making it the first to partner with a major automaker in the region. Has become the first LiDAR firm.

Innoviz is still in the early stages of commercializing its products. The InnovizOne system is showing an increase in sales, and the company expects to see its first InnovizTwo sale later this year. Revenues, while low, are increasing; The 1Q22 top line of $1.8 million was more than double the $0.7 million figure from a year ago.

analyst Mark Delaney This covers the stock for Goldman, and he sees a clear path forward based on the company’s recent contract announcements and its solid foundation in the niche.

“Innoviz has experienced strong momentum with engagement as a Tier 1 supplier since winning a series production program with a leading global OEM… We believe its most recent win underscores its strong position in the market. Because it now has 3 chains, Delaney wrote that forward-looking orders of $6.6 billion (significantly higher than other lidar suppliers in the space, although we note that order book calculations include a degree of estimation), Delaney wrote. The production win contributed to the book.

“While the recently announced win as a Tier 1 represents a significant long-term revenue opportunity, in the midterm Inoviz believes it will be able to achieve its previously announced series win (by BMW and the L4 Autonomous Shuttle Program) in 2023. With) can generate both physical revenue , as well as from non-automotive end markets, ”said the analyst.

In line with this view, Delaney shares INVZ a buy, and its $7 price target implies a one-year bounce potential of ~69%. (To see Delaney’s track record, visit click here,

Overall, Innoviz’s shares get a unanimous thumbs-up, with 3 buyers supporting the stock’s Strong Buy consensus rating. Shares sell for $4.13, and an average price target of $8 suggests ~94% growth potential. ,View INVZ Stock Forecast on TipRanks,

Adobe, Inc. ,adbe,

Let’s wrap up with one of the most famous names in software, Adobe. This company has achieved two major goals for any firm: a strong product with a strong product line, and sound branding to support it. Adobe is best known as the developer of the PDF format, as well as products such as Photoshop, Illustrator and InDesign, which are now available as SaaS offerings through the proprietary Creative Cloud.

In addition, Adobe has brought home strong revenue and earnings. In its 2Q for fiscal year 2022, which ended on June 3, the company reported record-level revenue of $4.39 billion, up 14% year-over-year. Non-GAAP EPS of $3.35 came in just above forecast of $3.31, and the company’s cash flow from operations reached $2.04 billion. This was a solid performance from a company that has a history of solid quarterly reports.

However, in its updated guidance, management cut its 2022 forecast for revenue and EPS. Adobe previously published full-year guidance of $13.70 EPS and revenue of $17.9 billion; Which was reduced in this report to $13.50 in EPS and $17.65 in revenue. The shortage shook investors, at least temporarily.

Covering Adobe for Goldman Sachs, 5-Star Analyst Kash Rangan Wasn’t too surprised by the low guidance. He believes Adobe will continue to deliver the goods over the long term, and wrote: “Despite navigating additional FX headwinds, we continue to believe in the strength of the underlying business, driven by strong demand and a resilient operating model.” We believe Adobe LT is on track to grow revenues 2x, potentially entering the top ranks of software companies to reach $40bn+ in revenue.

Rangan not only wrote upbeat outlook; He backed it with a Buy rating and a $540 price target, which showed his confidence in 48% growth for the coming year. (To see Rangan’s track record, see click here,

Huge tech names like Adobe have no trouble capturing analyst reviews — and there are 25 such reviews on record for ADBE stocks. For a strong buy consensus approach, they break down to 20 buys and 5 holds. The stock is currently trading for $365.33 and has an average price target of $472.58, suggesting a potential one-year gain of ~30%. ,View Adobe Stock Forecasts on TipRanks,

To find great ideas for stock trading at attractive valuations, visit TipRanks. best stocks to buyA newly launched tool that aggregates all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are those of featured analysts only. The content is to be used for informational purposes only. It is very important to analyze yourself before making any investment.

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Goldman Sachs: Despite market uncertainty, these 3 stocks gained more than 40%

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